Taxpayers who don’t pay enough tax during the tax year frequently get a nasty surprise when it comes time to do their returns, in the form of a larger-than-expected tax bill.…
The IRS recently published “Certain Employee Remuneration in Excess of $1,000,000 Under Internal Revenue Code Section 162(m).”If any of your clients are officers in a corporation, last week’s IRS…
The Internal Revenue Service has come up with a new online tool that’s designed to help employers—especially those in small business—easily determine the correct amount of income tax to withhold from workers’ pay.…
Jim Lowe, EA, joined us on the Taxing Subjects Podcast to discuss the “How Do Your Tax Prep Fees Stack Up?” infographic.…
The Internal Revenue Service is reminding tax-exempt organizations that recent changes in the law now require them to file information returns and other forms electronically.…
Whistleblowers who provided information to the Internal Revenue Service may soon have an easier time collecting their reward.…
An annual report from the Internal Revenue Service credits cutting-edge data analytics and “good, old-fashioned police work” for achieving a 91% conviction rate on cases probed by the IRS Criminal Investigations division.…
The Internal Revenue Service has announced that the final regulations have been issued on the revamped Foreign Tax Credit, which was modified as a result of tax reform in 2017.…
The Security Summit has been highlighting ways that taxpayers can protect their personally identifiable information (PII) from identity thieves. They closed out National Tax Security Awareness Week by…
Main Street businesses might consider themselves too small to be the target of a business identity theft scam, but the Security Summit says that identity thieves are more than happy to steal their business information.…
