by Rupinder | Jun 5, 2017 | Uncategorized
On June 1, 2017, the United States District Court for the District of Columbia upheld the Internal Revenue Service’s authority to require the use of a Preparer Tax Identification Number (PTIN), but enjoined the IRS from charging a user fee for the issuance and renewal...
by Rupinder | May 26, 2017 | Uncategorized
The IRS has just released a statement about a major online hack that has exposed 100,000+ taxpayers’ personal information. The data included Social Security information, address and date of birth. These third parties gained sufficient information from an...
by Rupinder | May 16, 2017 | Uncategorized
Over 66 million people in the United States are currently receiving Social Security or SSI benefits, yet the Social Security system is one of the most complicated retirement plans in the world. Unfortunately, most clients on their own do not know how to maximize...
by Rupinder | May 12, 2017 | Uncategorized
There are various factors that may lead to an IRS audit (e.g., 1099 matching, high Discriminant Inventory Function (DIF) score, whistleblower, etc.). The easy answer to avoiding an IRS audit is to report all items on the return properly and file all forms timely. ...
by Rupinder | May 8, 2017 | Uncategorized
The National Society of Accountants (NSA) announced dates for its series of four webinars to help accounting and tax professionals prepare for and pass the Enrolled Agent (EA) exam. The webinar series is useful for accounting professionals who are beginning their...
by Rupinder | May 5, 2017 | Uncategorized
Tips from the IRS The Internal Revenue Service today reminds tax-exempt organizations that many have a filing deadline for Form 990-series information returns in mid-May. With the May 15 filing deadline facing many tax-exempt organizations, the Internal Revenue...
