April 23, 2012

Bill Before Congress Would Allow IRS To Suspend Passports For Tax Delinquencies

Previously, we mentioned a bill currently before Congress that would allow the IRS to suspend a person’s passport if they were found to be delinquent in their […]
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 […]
February 24, 2012

The IRS Has 1 Billion In Uncollected Refunds From 2008; Walk, Don’t Run, To Claim Yours

The IRS has announced that it is holding funds, totaling more than $1 billion, that are awaiting a claim from the more than one million people who did […]
February 2, 2012

Citibank Airline Miles Fiasco Illustrates The Difficulty In Determining “Taxable Income”

It’s tax season, which means our mailboxes are filling up with W-2s, 1099s and other tax forms provided to the IRS in order to enlighten them […]
January 12, 2012

IRS Reopens Offshore Voluntary Disclosure Program (OVDP)

Previously, we posted a blog detailing the announcement by Credit Suisse Group AG, Switzerland’s second-biggest bank, that it intended to disclose confidential client account data to the Swiss […]
January 5, 2012

IRS Extends Deadline To File 2011 Income Tax Returns

In a pleasant turn of events, the IRS has announced that taxpayers will have two extra days to file their tax returns for their 2011 income […]
December 23, 2011

New Form 1099 Rules For 2012

The IRS will implement new rules in 2012 that will likely affect most businesses.  Changes have been made to the reporting rules for IRS form 1099, the […]
December 14, 2011

IRS Releases 2012 Standard Mileage Rates

The IRS has released Notice 2012-1, which details the standard mileage rates taxpayers should use in 2012.  Taxpayers may use the optional standard mileage rates to calculate […]
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 […]
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 14, 2011

Large Corporations Lobby For Tax Holiday

Yesterday, we posted a blog describing a recent IRS investigation into Google’s method of reducing their tax bill by transferring intellectual property assets into overseas entities where […]
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 […]