Software Glitch Causes IRS Filing Confusion
Due to a recent software glitch, the Internal Revenue Service (IRS) accidentally issued late-filing notices to many retirement plan...
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- Aug 11
Tax Consultant to Prominent DJs Accused of Concealing $100M from IRS
Frank Butselaar, a Dutch tax consultant with high-profile clients from the DJ and fashion worlds, is facing charges of devising a scheme...
- Jul 21
IRS Issues Guidance on New Corporate Excise Tax
In the final week of June, the Internal Revenue Service (IRS) released provisional guidance about the newly introduced 1% excise tax on...
- Jul 14
Impending Tax Reporting Regulations Impact Multinational Enterprises
Multinational corporations resist regulatory obligations to report taxes paid in each jurisdiction. Meanwhile, Australian regulators have...
- Jul 7
IRS Discreetly Modifies Children's Inheritance Rules
The IRS's Revenue Ruling 2023-2, issued in March, significantly impacts estate planning, particularly in relation to irrevocable trusts....
- Jun 30
IRS Reminds Taxpayers in Disaster Zones about Extended Deadlines
The Internal Revenue Service (IRS) is taking a unique initiative by sending an additional round of mail to taxpayers in various states...
- Jun 16
Small Businesses Grapple with Banks' New Lending Standards
As banks impose stricter lending standards, small businesses are feeling the pressure. The task of securing new loans or preserving...
- Jun 9
2022 Tax Filing Guidelines for Overseas U.S. Citizens
U.S. citizens, resident aliens, and dual citizens living and working overseas, as well as U.S. military personnel stationed abroad, are...
- Jun 7
The IRS’s Struggle in Combatting Fraud with ERC
The Employee Retention Credit (ERC) was created to support businesses and their employees during the COVID-19 pandemic, offering tax...
- Jun 3
Bipartisan Bill Aims to Simplify Tax Extensions
The Simplify Automatic Filing Extensions (SAFE) Act of 2023, or H.R. 3566, was put forward by Rep. Judy Chu, D-California, and Mike...
- May 31
8 Reasons Why You Should Partner with an Experienced CPA for ERC
Partnering with an experienced and qualified Certified Public Accountant (CPA) for Employee Retention Credit (ERC) offers several...
- May 19
Beyoncé Fights Back Against Alleged $2.7 Million Tax Debt
Global music icon and business mogul, Beyoncé Knowles-Carter, also known as Queen Bey, has taken a stand against the U.S. Internal...
- May 17
Understanding Eligibility, Application, and Benefits for the Employee Retention Credit
The COVID-19 pandemic had a significant impact on businesses across the globe. In response to these unprecedented challenges, the U.S....
- May 12
Senate's Estate Tax Repeal Reintroduced
Recently, key Republican Senators including John Thune of South Dakota, Mitch McConnell of Kentucky, and Mike Crapo of Idaho have...
- May 10
ERC Scams Make IRS' Dirty Dozen List
The Employee Retention Credit (ERC) has been a vital relief measure for businesses during the COVID-19 pandemic. Unfortunately, scammers...
- May 5
IRS Funding in Jeopardy by House Bill
IRS Commissioner Daniel Werfel defended the agency's budget during a congressional hearing last month, following the passage of a House...
- Apr 28
Navigating Remote Work Tax Challenges
The pandemic resulted in a surge of remote work for millions of Americans, leading many companies to adopt telecommuting. Initially...
- Apr 21
Navigating Grantor Trust Tax Challenges
Grantor trusts offer numerous benefits and often serve as the foundation for many estate plans. They allow you to conduct transactions...
- Apr 14
IRS Strategy Targets Wealthy Taxpayers and Corporations
In a report to the Secretary of the Treasury, the Internal Revenue Service unveiled its strategic operating plan for the next decade,...
- Apr 7
Banking Crisis Threatens Small Firms
As the banking crisis intensifies, small business owners are increasingly concerned that their lines of credit may be canceled, with...
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