Search

2019 – 11/01

When it comes to planning for next year’s tax return filing, the IRS urges taxpayers to wait no longer. To avoid tax-time surprises on...

2019 – 11/01

Are you interested in forming a tax-exempt nonprofit group? Many people who want to support causes mistakenly think that calling a group...

2019 – 11/01

Additional improvements are needed in IRS information technology (IT) systems, according to a recent audit. The Treasury Inspector...

2019 – 10/31

Two nonprofits aren’t entitled to the refunded interest they were seeking. The Court of Appeals for the Federal Circuit has joined four...

2019 – 10/31

A son took his sick mother’s income, but she was still taxed on it. The son allegedly exploited the mother, who had dementia, by...

2019 – 10/30

A bankruptcy court has held that a debtor can’t avoid an IRS tax lien, even though the lien was attached to real property and would...

2019 – 10/30

The U.S. Tax Court has ruled that a finder’s fee wasn’t deductible. The taxpayer, a plastics manufacturer, was acquired by a large...

2019 – 10/29

Spouses filing a joint federal income tax return generally are both liable for the tax owed. But, under certain conditions, one spouse...

2019 – 10/29

Don’t be frightened by ghoulish robocalls, the IRS warns. In yet another scam related to Social Security numbers (SSNs), con artists...

2019 – 10/29

Federal budget figures for the 2019 fiscal year (ended Sept. 30) show a $984 billion budget deficit. That’s $205 billion more than in...

2019 – 10/28

The IRS announced that more disaster victims in Texas qualify for tax relief. The following are federal disaster areas qualifying for tax...

2019 – 10/28

In a Chief Counsel Notice, the IRS has alerted its attorneys to procedures for working and coordinating cases involving virtual currency....

2019 – 10/28

New reporting requirements are taking effect for life insurance contract transactions. The IRS and U.S. Treasury Dept. issued final...