The Internal Revenue Service is offering a limited-time settlement for certain taxpayers under audit who took part in an abusive micro-captive insurance scheme. By participating, qualified taxpayers can escape tax evasion charges, but must pay back tax owed plus penalties.…
The IRS last Friday announced the publication of final and proposed regulations for the 100-percent depreciation deduction. The agency said that this would finalize and expand upon proposed regulations from last August.…
The Taxpayer Advocate Service recently released the Taxpayer Roadmap 2019, a visual representation of the tax return filing process.…
The Internal Revenue Service says it has new procedures in place that can help certain expatriated American taxpayers come into compliance with their U.S. tax obligations and get relief for back taxes.…
This week, we learned what CPAs across the country thought when the Journal of Accountancy (JofA) released the results of their “2019 Tax Software Survey.”…
According to the IRS, self-employed taxpayers should use the Tax Withholding Estimator when they perform their next “paycheck checkup.”…
A new audit from the Treasury Inspector General for Tax Administration (TIGTA) finds that IRS identity theft investigations by the Criminal Investigations unit declined by 75% between 2013 and 2017.…
The IRS last Friday announced that it would be waiving the penalty for using red-dyed diesel in highway vehicles. The press release came while Floridians prepared for the possibility that Hurricane Dorian would make landfall.…
Time is running out for taxpayers who need to renew an expiring ITIN before next filing season.…
Owning your own business can be a very rewarding experience. The process of starting a business, however, can seem overwhelming to the uninitiated.…
