July 30, 2015
Koskinen stepped into the limelight in 2013 when President Obama appointed him to succeed Daniel Werfel, who in turn had replaced Acting IRS Commissioner Steven Miller while the Tea Party scandal unfolded. The current head honcho at the IRS had ...
July 24, 2015
The Internal Revenue Service is marking the 25th anniversary of the ADA by spotlighting a number of tax benefits and services that can help taxpayers with disabilities.
July 22, 2015
The program is designed to help small businesses that may have been unaware of the reporting requirements that apply to their retirement plans.
July 22, 2015
If you have ever had a client facing identity theft, you know that the first thing they want to find out is what specific information was compromised. But, until recently, the IRS has had a policy in place that prevented identity theft victims from ...
July 22, 2015
Lewis also recommended specific changes to the tangible property regulations that address how businesses should report the acquisition and improvement of tangible property to reduce complexity. The $500 de minimis safe harbor threshold for taxpayers ...
July 22, 2015
Says the bill encompasses recommendations proposed by the AICPA that would relieve burdens imposed on small businesses by the tax code.
July 7, 2015
Effective midway through this year -- July 1, 2015, to be exact – certain employers that pay the health insurance premiums of its employees will be assessed hefty fines for their generosity.
July 7, 2015
The provision for so-called Cadillac plans doesn’t take effect until January 1, 2018. But employers are already exploring the available options or at least they should be. Reason: If a plan exceeds certain limits, it is subject to a stiff penalty in ...
July 1, 2015
According to a new report by the Electronic Tax Administration Advisory Committee (ETAAC), the IRS has made significant strides on the electronic frontier, but the mission is far from complete.
June 30, 2015
The 2015 IRS Nationwide Tax Forums offers seminars over three days featuring up-to-date information from the IRS and professional experts in the areas of tax law, compliance and ethics. It also provides continuing education credits to ...
June 29, 2015
Three specialized groups were established with members from the IRS, states and private industry co-chairing and serving on each team. During the past 12 weeks, the three teams focused on developing ways to validate the authenticity of taxpayers ...
June 23, 2015
Nearly 44,000 tax return preparers across the U.S. participated in the IRS' Annual Filing Season Program in its first year. The voluntary program was announced a year ago and designed to encourage continuing education (CE) and filing season readiness.