News & Perspective

Registering for online self help tools. This has been made easier by the IRS. To better protect taxpayers, the IRS upgraded its identity verification process for certain online self help tools. The purpose is to prevent taxpayer impersonations and... Read More

Charities applying for tax exempt status.  They need to take these three steps, prior to making the decision, or the result could be an incorrect classification and cause tax problems with their tax filings, which would include penalties and possi... Read More

Tax Professionals Tax Security. This was the issue at the Internal Revenue Service and the Security Summit, as partners warned tax professionals that savvy cyber criminals target IRS issued identification numbers to help impersonate practitioners ... Read More

High income taxpayers alert. High income taxpayers alert by the IRS for complex tax returns. The IRS is urging taxpayers to check their withholding soon to avoid an unexpected tax bill or penalty when they file their 2018 federal income tax return... Read More

Tax professionals data security. This was the main topic at the Tax Security Summit 101. As cyber criminals continue to increasingly pursue tax professionals data, the IRS and the Security Summit partners released lessons learned by the tax commun... Read More

Major costly tax mistake. A major costly tax mistake has raised its ugly head in the Paul Manafort case. A costly tax planning lesson is in store in light of the high profile case. This tax mistake could cost a taxpayer up to $100,000, so take not... Read More

Tax security 101 security summit. Tax security was on the mind at the Internal Revenue Service and its Security Summit partners today as they kicked off a summertime security awareness campaign for tax professionals with a new, expanded guide prov... Read More

Tax cut pushing deficit higher. In the trough of the Great Recession in 2009, as companies laid off hundreds of thousands of workers each month, the amount of corporate income taxes collected by the federal government plunged by almost a third. It... Read More

IRS income calculator great tool. Families, and businesses can use to calculate how much tax they will owe the IRS. The IRS is urging two income families and those who work multiple jobs to complete a "paycheck checkup" to verify that they are hav... Read More

Tax surprises retiring abroad. Retiring abroad may have tax surprises. The number one rule to becoming an Ex Pat is that if you don't figure out your tax obligations before hand, you may end up with a big surprise down the road. Approximately 9.5 ... Read More