Taxes December 12, 2025
IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B
Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24, the agency said this week.
October 28, 2014
Report: IRS Failing to Provide ID Protection PIN Numbers to Some ID Theft Victims
The IRS is failing to provide personal identity numbers to all taxpayers who are the victims of tax-related identity theft, according to a report publicly released today by the Treasury Inspector General for Tax Administration ...
October 28, 2014
IRS Offers Spanish Language Info and Videos on Affordable Care Act
The Internal Revenue Service has released several options for Spanish speakers to get information about the tax provisions of the Affordable Care Act. Two recently issued YouTube videos feature IRS Commissioner John Koskinen: Disposición de La ...
October 24, 2014
Federal Judge Dismisses IRS Lawsuit, Moves Tea Party Scandal to Back Burner
The ongoing “Tea Party” scandal has appeared to loose some steam after a federal judge in the nation’s capital tossed out a lawsuit aimed by conservative nonprofit groups against the IRS (True the Vote, Inc. v. IRS, DC- Dist. Of Columbia, Civil Action No.
October 23, 2014
IRS Increases 401k Limitations for 2015
The Internal Revenue Service has released the cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015.
October 21, 2014
IRS to Miss Goal for Homeland Security Directive on Security
The Internal Revenue Service (IRS) will not meet the Department of the Treasury’s 2015 goal for full compliance with a directive requiring Federal agencies to issue identification cards that allow workers to gain access to Federally controlled facilities
October 21, 2014
Report: IRS Needs to Improve Safeguards, Management Oversight and Internal Controls
Management oversight and internal controls at the Internal Revenue Service’s (IRS) Office of Safeguards should be improved to ensure the effective protection of Federal Tax Information (FTI).
October 20, 2014
Special Report Focuses on New Financial Statement Preparation, Compilation and Review Standards
The report provides an overview of the AICPA’s Accounting and Review Services Committee’s new standard, which clarifies and revises the Statements on Standards for Accounting and Review Services (SSARS).
October 16, 2014
How to Max Out On Itemized Income Tax Deductions in 2014
[This is part of a special series about year-end tax planning and preparation.] In the usual case, the tried-and-true tax strategy at the end of the year is to pull deductions into the current year and push income into the following year. And, for the most part, it still makes sense. But now there’s a few...…
October 14, 2014
How to Avoid or Even Take Advantage of the Alternative Minimum Tax (AMT)
[This is part of a special series of articles designed to maximize tax benefits and minimize tax pitfalls at the end of the year.] The alternative minimum tax (AMT) is often referred to as a “stealth tax” because it sneaks up on unsuspecting taxpayers. But you’re not doing your job well if your clients are caught...…
October 12, 2014
IRS to Shut Down Some Services before Oct. 15 Tax Extension Deadline
The Internal Revenue Service has announced that a planned power outage will cause some services to be unavailable this weekend (Oct. 11-14), which may affect some of the million-plus tax filers, and their tax professionals, who file extended personal inco
October 10, 2014
IRS Makes Canadian Retirement Plans Eligible for Automatic Tax Deferral Similar to IRAs
Americans and Canadians with registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) now automatically qualify for tax deferral similar to that available to participants in U.S. individual retirement accounts (IRAs) and
October 10, 2014
More Businesses Using E-File for Taxes
The IRS says that business e-filing of tax returns rose nearly 10 percent this year, continuing the growth that has seen the number of corporate and partnership returns filed electronically double in just four years, the Internal Revenue Service said toda