October 8, 2013
The current lapse in federal appropriations does not affect the federal tax law, and all taxpayers should continue to meet their tax obligations as normal. Individuals and businesses should keep filing their tax returns and making deposits with the IRS, as required by law.
October 7, 2013
As this column goes to print, provisions of the Patient Protection and Affordable Care Act (also known as the “ACA,” or ObamaCare) will change accountants and tax preparers from “trusted advisors” to a more derogatory status:
October 1, 2013
On Monday night, the U.S. Congress rejected the U.S. Senate's version of the House bill for a debt limit increase, which effectively shuts down some of the non-critical operations of the federal government.
September 27, 2013
A Tulsa, Oklahoma, woman was sentenced Wednesday to five years of probation and was ordered to pay more than $79,000 in restitution to the Internal Revenue Service after pleading guilty to aiding and assisting in the preparation of a false federal income tax return.
September 18, 2013
The Tax Division of the U.S. Department of Justice has announced an agreement with Switzerland that would permit all but a few Swiss banks to avoid criminal prosecution by paying substantial fines and turning over information on accounts held by American clients.
September 17, 2013
The Internal Revenue Service is providing tax relief to individual and business taxpayers impacted by severe storms, flooding, landslides and mudslides in Colorado.
September 16, 2013
The Internal Revenue Service estimate of the Tax Gap, the difference between taxes owed and taxes paid voluntarily and on time, could be more comprehensive, accurate, reliable and timely, according to a new report released publicly today by the Treasury Inspector General for Tax Administration.
September 14, 2013
As the Internal Revenue Service Exempt Organization division twists and turns in the wind over the recent scandal involving undue scrutiny on certain tax-exempt applications, nonprofit managers and practitioners might wonder how this will impact them.
September 12, 2013
Do all IRS agents think that all taxpayers selected for audit are cheating on their taxes?
September 6, 2013
CCH, a part of Wolters Kluwer has released a new Tax Briefing: IRS Guidance on Same-Sex Marriage, offering guidance and analysis of the Internal Revenue Service’s announcement that all same-sex marriages nationwide will be recognized for federal tax purposes.
September 6, 2013
The American Institute of CPAs is urging Congress to provide the Internal Revenue Service with “sufficient” funds to perform its duties.
August 29, 2013
The Internal Revenue Service and the U.S. Department of the Treasury today ruled that same-sex couples will be treated as married for federal tax purposes, as long as they were legally married in jurisdictions that recognize their marriages.