PATH Act Affects ITIN Renewal
Our friends over at the Latino Tax Professionals Association (LTPA) recently published a reminder about how Section 203 of the PATH Act impacts ITIN renewal.…
IRS Announces Another Way to Help Victims of Hurricane Matthew
The Internal Revenue Service last week announced that leave-based donation programs could be used to send aid to victims of Hurricane Matthew. Sometimes referred to as a “leave sharing program,” leave donation lets employees donate their vacation or sick leave to a company pool that can be used by coworkers who have medical emergencies or are affected by natural disasters.…
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Armed Forces Members Reminded They Get Special Breaks at Tax Time
It’s time once again to honor our veterans, those men and women who have defended our American way of life all over the globe. That’s a big job, and giving service members special breaks on their taxes is one of the ways we as a nation say "thank you."…
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Scammers Target Tax Pros Once Again
Tax professionals are being warned about a phishing scam aimed at them that poses as a chummy message from the Internal Revenue Service. This new email threat starts with a bogus email message carrying the title “Security Awareness for Tax Professionals.” The “From” line is “Your e-Services Team.”…
New Survey Outlines Corporate Tax Rates
If you’ve thought lately about just how much America’s biggest corporations face on their income tax returns, the answer might surprise you. The website WalletHub has completed its annual Corporate Tax Rate Report for companies on the S&P 100 – the biggest and most established firms out there.…
New Report Claims AirBnB has a Whopper of a State Hotel Tax Bill
A new report estimates that on-demand lodging site Airbnb would owe $440 million if state-level taxes were paid on its current listings in all 50 states.…
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Bust on Scammers in India Wins Praise from Inspector General
A three-year federal investigation ended recently with the indictments and arrests of 56 people in the U.S. and India who are accused of running a major IRS-impersonation phone scam. Five call centers were raided in India with the cooperation of the Indian authorities.…
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IRS: Renew PTINs before the Holidays
With Halloween just a few days away, we’re edging closer to Thanksgiving dinner, Christmas music in retail stores, and – for tax preparers – expiring Preparer Tax Identification Numbers (PTINs).…
Lack of Enforcement Allows Billions to Slip by IRS
An audit by the Treasury Inspector General for Tax Administration (TIGTA) shows that a lack of enforcement by the Internal Revenue Service allows billions in income to go untaxed.…
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Online Travel Sites Ordered to Pay Up
Online Travel giant Expedia is the biggest loser in a judgement that orders the biggest Online Travel Companies (OTCs) to pay nearly $460,000 to the village of Lombard, Illinois. Bloomberg BNA reports that Expedia’s share of the judgement is $386,000, while smaller sites – Priceline.com, Hotels.com and Hotwire – are in for smaller price tags.…
