April 20, 2012

Helpful Pointers For Taxpayers Who Missed The Filing Deadline

Inevitably, there will be some taxpayers who were not able to meet the Tuesday, April 17 deadline for filing their income taxes.  Here are some tips […]
April 18, 2012

Keeping Up With Tax Obligations Can Present Special Problems For Active Duty Military

Frequent overseas deployment, constant address changes, the added complexity of military tax returns, and confusion over complicated tax provisions such as the combat tax exclusion, are […]
November 30, 2011

IRS Issues Revised Form 2848

The IRS has released a revised Form 2848 Power of Attorney and Declaration of Representative with several important changes. The old Form 2848 (revised June 2008) allowed the […]
November 9, 2011

Swiss Bank Credit Suisse Agrees To Disclose U.S. Client Data To The IRS

Credit Suisse Group AG, Switzerland’s second-biggest bank, has informed its U.S. clients that it intends to disclose confidential client account data to the Swiss taxing authorities, […]
October 24, 2011

IRS To Require Accounting Software Data Files

The IRS has recently announced its intent to seek data records maintained by small businesses that utilize accounting software programs, such as QuickBooks or Peachtree, when […]
October 13, 2011

IRS Scrutinizes Google For Offshore Transactions

It appears that the IRS attack on offshore tax havens may claim another “victim.”  The IRS is now examining how Google was able to avoid federal […]
October 11, 2011

Federal Government Prevails Against Tax Shelters

The Justice Department recently declared victory in three different tax shelter cases.  “These three significant decisions are further evidence that the courts will not countenance abusive tax […]
October 5, 2011

IRS Rules Against Medical Marijuana Dispensaries

The IRS has ruled that dispensaries of medicinal marijuana cannot deduct standard business expenses such as payroll, security, or rent.  In a ruling against Harborside Health […]
September 8, 2011

IRS Debt Settlement: Offer In Compromise

If an individual has a sizable tax debt, minimum assets and income prospects, and can fulfill the right circumstances, the IRS may accept an Offer in […]