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 […]
The IRS has recently begun scrutinizing several universities, including Notre Dame, Purdue, the University of Texas at Austin, Texas A&M, the University of North Carolina, the […]
The holiday season is upon us, and for many people that means charitable giving. As a reward for their kind gesture, the philanthropically inclined can look […]
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, […]
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 […]
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 […]
In an effort to provide relief to those impacted by natural disasters last summer, the IRS has announced that taxpayers who submitted extensions to file their income […]
On Wednesday we posted a blog discussing the recent IRS ruling against medical marijuana dispensaries’ ability to take deductions for payroll, expenses, etc. Now it appears that […]
The IRS has recently announced the launch of its new Voluntary Compliance Settlement Program (VCSP); an effort to enable employers to resolve past worker classification issues by […]
Imagine filing your tax return and learning that someone else got your refund by using your name and Social Security number. It seems that identity theft […]
The IRS has recently issued Notice 2011-72 which provides guidance on the tax treatment of cell phones that employers provide to their employees primarily for business purposes. Section […]