High Quality Work…Great Customer Service.
document.createElement(‘aside’); http://www.accountingtoday.com Print Email Reprints The Internal Revenue Service is alerting tax professionals and taxpayers alike about a new scam involving fake CP2000 notices that are being sent to unsuspecting taxpayers, billing them for unpaid taxes related to the Affordable Care Act. The IRS is issuing the alert in conjunction with its partners in the […]
The Internal Revenue Service spent $15 million on a delayed implementation of an upgraded system for handling an aspect of the Foreign Account Tax and Compliance Act, but the software did not deliver the expected business results, according to a new report. The report, from the Treasury Inspector General for Tax Administration, acknowledged the IRS […]
10 Ways to Turn Accountants into Consultants Maureen Schwartz, executive director of the accounting association BKR International, and some of her colleagues describe 10 ways that firms can turn even the newest accountant into a better consultant. View the slideshow
An Internal Revenue Service revenue officer has pleaded guilty to fraud charges for filing tax returns using taxpayers’ identities and failing to report income he received from an unauthorized tax business. James C. Brewer, who worked at an IRS office in Edison, N.J., pled guilty in a federal courthouse in Brooklyn on Tuesday to 12 […]
(Bloomberg) Internal Revenue Service Commissioner John Koskinen expressed regret Wednesday that the agency failed to preserve all the information congressional investigators sought in a 2014 probe of the agency, but told federal lawmakers it would be “improper” to impeach him. John Koskinen (Photo: Pete Marovich/Bloomberg) During a 3 1/2-hour hearing dominated by partisan exchanges—with Democrats […]
There are almost 19 million people who owe more than $400 billion in back taxes to the U.S. Treasury. Right now, 4 million taxpayers are paying the IRS through installment agreements, and the IRS is chasing 7 million more taxpayers for payment. In late 2015, Section 32102 of the Fixing America’s Surface Transportation, or FAST, […]
document.createElement(‘aside’); http://www.accountingtoday.com Print Email Reprints Highlights of some of our favorite tax-related blogs from the past week. Stated bluntly BNA blogs: Debate has long raged over whether cutting state income taxes ignites prosperity. A look at new evidence for the nay side of the aisle. Taxjar: Stabbed Deep in the Heart of Dept.: A look […]
document.createElement(‘aside’); http://www.accountingtoday.com Print Email Reprints The Internal Revenue Service’s Office of Appeals has improved its compliance within its Collection Due Process program, although some taxpayers are still misclassified and receive the wrong type of hearing, according to a new report. The report, from the Treasury Inspector General for Tax Administration, examined the IRS’s Collection Due […]
document.createElement(‘aside’); http://www.accountingtoday.com Print Email Reprints Fans of the rap star Nelly have been listening to his music online to help him pay a $2.4 million tax lien from the Internal Revenue Service. Nelly (Photo: Francis Specker/Bloomberg) Last week, TMZ reported that Nelly, whose real name is Cornell Iral Haynes Jr., received a tax lien in […]
Inflation-adjusted tax brackets for the 2017 tax year, based on the average inflation index for the 12-month period ending on August 31, 2016, show a slight uptick for the year ahead, according to Wolters Kluwer’s George Jones. “Dollar wise, the inflation adjustments yield significantly greater amounts if you’re beginning with a larger sum,” Jones observed. […]
Powered by WordPress. AwesomeOne theme by Flythemes