Taxes

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September 1, 2015 

IRS Skipped Some Procedures When Selling Seized Properties

Over the past four fiscal years (2011 through 2014), the IRS has received approximately $114 million in proceeds from the sale of seized taxpayer assets. This audit was initiated to analyze the IRS’s seizure and sale program to determine whether the ...

Donald Trump

August 28, 2015 

Trump Says Some Wealthy Should Pay Higher Taxes, Including Himself

Donald Trump, the billionaire frontrunner for the Republican Party’s nomination for president in 2016, says he wants to cut taxes for the middle class. And if that ends up increasing the tax burden for the wealthiest Americans, including himself, so be it

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August 28, 2015 

The Top Regulatory Issues for Small Businesses

Here is a list of the top regulatory issues that impacted businesses this summer and will continue to have an effect in the year ahead, according to Paychex, a provider of payroll, human resource, insurance, and benefits ...

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August 28, 2015 

IRS Releases Summer 2015 Income Statistics

The Statistics of Income (SOI) Division produces this online Bulletin quarterly. Articles provide the most recent data available from various tax and information returns filed by U.S. taxpayers.

IRS lawsuit

August 26, 2015 

A Lawsuit the IRS Needs to Lose

The IRS needs to lose this case for the callous way they disregarded the importance of safeguarding taxpayer information from data thieves, and because it would finally set a legal precedent for organizations to be held fiscally responsible for losses ...

Dave McClure

business meal

August 24, 2015 

When Can Businesses Claim 100% Deduction for Employee Meals?

If more than half of the employees are furnished meals for the employer’s convenience, the meals for all employees are treated as being furnished for the employer’s convenience, even if the rest of the employees don’t meet this test. This rule could be cr

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August 19, 2015 

Tax Alert: New Deadline for FBAR Filing

Due to a little-noticed provision in the new highway appropriations bill signed into law on July 31 – the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 – the deadline for filing an FBAR (Report of Financial Bank and Financial Accounts) has been moved up from June 30 to April 15. But...…