The arrangement could be a model for other companies.
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TOPICS
Tax
New rules affect popular tax credits
This article reviews recent developments in three areas.
What accountants need to know about India’s demonetization
Public and management accountants in India will be busier than ever because the move is expected to bring a large portion of the population into a more institutional tax and banking system.
Dirty Dozen top tax scams led by phishing schemes
The IRS issued its roundup of the 12 biggest tax scams that taxpayers should watch out for this filing season.
Failure to report health coverage will not cause tax return rejection
The IRS announced that it will not reject tax returns just because a taxpayer has not indicated on the return whether the taxpayer had health insurance, was exempt, or made a shared-responsibility payment under Sec. 5000A.
Reducing investment taxes in 2017
The start of a new year allows clients to take a fresh look at their investment strategy.
IRS alerts practitioners of e-Services account suspensions
The IRS announced that as of Sunday it has suspended the e-Services accounts of users who failed to verify their identities in accordance with letters sent out in December.
What does it mean to be transparent?
The goal of transparency is to establish and maintain the trust of the organization’s key stakeholders.
Why the IRS isn’t giving up on compliance and enforcement
This article details why tax compliance and enforcement is and will be an IRS priority for years to come.
Tax practitioners’ information will soon be available at IRS website
The IRS announced that it will soon post online the registration information of practitioners who have preparer tax identification numbers, and the information will be available without charge to the public.
Driver’s license information now required on some state e-filed returns
Tax return preparers are discovering that some state income tax returns for 2016 require information from a taxpayer’s driver’s license or state-issued identification card information before the returns can be e-filed.
Trusts and estates: Uses and tax considerations
Wealth planning with these often highly advantageous tools must be weighed against possible drawbacks of income tax accounting.
Line items
Streamlined processing of installment agreements is more widely offered … Security Summit introduces ‘trusted customer’ features .. IRS scraps COD 36-month nonpayment testing period
Whether to amend a return
While taxpayers have no duty to correct an error or omission in a filed return, practitioners must inform them of the consequences.
IRS warns tax professionals of another email phishing scam
The latest ploy mimics an IRS request for e-services validation.
District court reverses emotional distress damages award against the IRS
Sovereign immunity protects the Service from its violation of an automatic bankruptcy stay.
Sec. 457(f) plans get helpful guidance
Rules would clarify the types of arrangements that may be currently taxable even while payments are deferred.
Taxpayer claims the IRS lost her return; bankruptcy court discharges debt
The Service fails to prove that it never received the return.
Taxpayers’ valuation of land accepted; inability to establish basis limits casualty loss
Landowner’s experience qualifies his appraisal as competent even though he is not a professional.
New Form 990-EZ has help icons to aid exempt organizations in filing
The IRS announces new Form 990-EZ with help icons to assist organizations with accurate filing.
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