by Rupinder | Nov 19, 2014 | Uncategorized
A payment will be classified as alimony, regardless of the parties’ designation of such payment, regardless of whether or not it is specifically designated as satisfying a support obligation, and regardless of how the payment may be classified under state law, if it...
by Rupinder | Nov 19, 2014 | Uncategorized
For the past four years, the U.S. government has waged an unprecedented global campaign to crack down on the use of secret, offshore bank accounts by U.S. taxpayers to evade taxes. While there is nothing illegal about maintaining accounts in foreign countries, U.S....
by Rupinder | Nov 19, 2014 | Uncategorized
Documents Requested by IRS for a Worker Classification Examination Worker classification enforcement is a top priority for the IRS and state labor agencies. The IRS launched a new audit initiative to audit 6,000 businesses for worker classification. Your clients may...
by Rupinder | Nov 14, 2014 | Uncategorized
As the 2013 filing season rapidly approaches, are all of your prices set? Do you know what other tax professionals are charging? The 2012- 2013 Income and Fees of Accountants and Tax Preparers in Public Practice has just been released just in time for filing season....
by Rupinder | Nov 13, 2014 | Uncategorized
Business e-file rose nearly 10 percent this year, continuing the growth that has seen the number of corporate and partnership returns filed electronically double in just four years, the Internal Revenue Service said today. An additional 600,000 corporations and...
by Rupinder | Nov 13, 2014 | Uncategorized
The IRS continues to warn the public to be alert for telephone scams and offers five tell-tale warning signs to tip you off if you get such a call. These callers claim to be with the IRS. The scammers often demand money to pay taxes. Some may try to con you by saying...
by Rupinder | Nov 13, 2014 | Uncategorized
For tax preparers, taxpayers, and others frustrated by long wait times on the phone for Internal Revenue Service (IRS) assistance with tax questions, IRS Commissioner John Koskinen has a message: Call your member of Congress.The reduced funding for the IRS – cut 7...
by Rupinder | Nov 13, 2014 | Uncategorized
Voluntary program to focus on continuing education for unenrolled preparers June 26, 2014 WASHINGTON — The Internal Revenue Service announced today that guidance will soon be issued outlining a new voluntary program designed to encourage education and filing season...
by Rupinder | Nov 13, 2014 | Uncategorized
Internal Revenue Service (IRS) Commissioner John Koskinen will deliver the keynote address at the National Society of Accountants (NSA) 69th Annual Meeting, August 20-23, 2014 at the Hyatt Regency Inner Harbor in Baltimore, Maryland. Koskinen is working to ensure that...
by Rupinder | Nov 13, 2014 | Uncategorized
The Internal Revenue Service today issued a notice providing answers to frequently asked questions (FAQs) on virtual currency, such as Bitcoin. These FAQs provide basic information on the U.S. federal tax implications of transactions in, or transactions that use,...
