The perception that the IRS is a very powerful organization is widespread. Special privileges for collection, a preference for intimidation, and the disregard for equity that’s splashed the IRS news for the past decade […]
From the IRS Tag
Congress did it. Over 50 tax provisions expired at the end of 2014, including accelerated depreciation provisions, child tax credits and earned income credit allowances. And for the past 11.5 months we’ve been in […]
A commonly overlooked issue in estate administration is the filing of the decedent’s final tax return. Even if there are no assets to administer, a person may have had substantial income that requires reporting […]
Believe it or not, if you owe back taxes, you may be prevented from traveling abroad. How is that possible? Well, on December 4, 2015 President Obama signed legislation passed by Congress that gives […]
The latest from Congress on the tax front left me shaking my head to say the least. In a recent transportation bill that cleared both the House and Senate, the requirement was inserted that […]
In June of 2015, the IRS acknowledged that over 100,000 tax payers information had been stolen from IRS databases and used to file over 13,000 fraudulent returns, resulting in more than $39 Million in […]
One of the most common letters our clients receive from the IRS is a penalty assessment letter associated with their business entity. And the good news is that the penalties can often be waived. […]
Long considered a bastion of banking privacy, Belize banks are now becoming the increasing target of IRS scrutiny. A federal judge recently granted two “John Doe” summons allowing the IRS to demand account information […]
Coca Cola has recently announced that the IRS assessed it additional taxes of $3.3 Billion for tax years 2007 and 2008 following an audit of those years. The company claims the assessment is without […]
We all look forward to that day where we can clock out for the last time, and go home without having to hit the snooze button the next morning to report for work. Retirement […]