In the wake of the housing market collapse, many people have become familiar with the concept of cancellation of debt (COD) income. The basis for COD […]
A recent decision by the IRS to revoke the tax-exempt status of Emerge America, a small political nonprofit organization, may concern larger groups, such as Crossroads GPS and Priorities USA, that […]
It seems as if the ongoing saga between the IRS and political action committees (PACs) took another turn today as eleven Republican senators who serve on […]
A recent decision by the IRS to revoke the tax-exempt status of Emerge America, a small political nonprofit organization, may concern larger groups, such as Crossroads GPS and Priorities USA, that […]
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 […]
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 […]
Many small-business owners believe that their company will provide all that is necessary for a comfortable retirement. As their golden years approach, they eagerly anticipate selling […]
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 […]
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, […]