May 19, 2015
Concerned about the impact of IRS service reductions on taxpayers and tax practitioners, the AICPA Council on May 17 adopted a resolution urging policy makers to create a bi-partisan forum to “make recommendations that enable the IRS to achieve its ...
May 12, 2015
So you think you’re a progressive firm, right? You’re committed to going digital and eliminating, or at least minimizing, paper. Your engagement letters are all electronic and are emailed to clients and prospects for signature.
May 6, 2015
TIGTA found that, over a 10-year period (Oct. 1, 2003 through Sept. 30, 2013), 1,580 IRS employees were found to be willfully tax noncompliant.
May 5, 2015
The new Patient-Centered Outcomes Research (PCOR) fee is used to offset the costs of the PCOR Institute, which funds research that will provide information to assist patients and their healthcare providers make more informed health care decisions.
May 1, 2015
The Internal Revenue Service (IRS) has taken significant actions to improve the processing of tax-exempt applications involving political intervention, according to a new report from the Treasury Inspector General for Tax Administration (TIGTA).
April 24, 2015
The American Institute of CPAs (AICPA) has sent written testimony to Congress saying the need for small business tax reform is urgent.
April 22, 2015
AICPA says the de minimis safe harbor threshold amount under the tangible property regulations for small business taxpayers without an applicable financial statement (AFS) be increased from $500 to $2,500.
April 17, 2015
Victims of identity theft continue to experience delays and errors in receiving refunds, according to a report publicly released today by the Treasury Inspector General for Tax Administration (TIGTA).
April 17, 2015
The filing season, defined as the period from January 1 through mid-April, is critical for the IRS because it is during this time that most individuals file their income tax returns and contact the IRS if they have questions about specific laws or filing
April 15, 2015
So, what can a taxpayer do if they didn't file in time, but they also don't want to keep their head buried in the sand? For most Americans who are owed a tax refund by the IRS, there's no need to panic. The tax agency doesn't assess penalties when a ...
April 15, 2015
Millennials are about to get millions of dollars from the IRS. What they plan on doing with it may tell us whether they will be the frugal types they are sometimes credited with, or will follow in the free-spending footsteps of the generation before them.
April 15, 2015
Court nullifies $37,000 deduction for donations of used property to charities, then adds 20% penalty.