Whistleblowers who inform the IRS about noncompliant tax behavior by others are eligible for financial awards in certain circumstances. In most cases, the taxpayer in question is the whistleblower’s employer. The IRS operates a program that makes the awards. In this post, we’ll address common questions about the program. What […]
Category: Tax Controversy
One of the benefits of owning your own business is the ability to take advantage of certain tax savings. In some cases, space in your home used as an office could result in a deduction as well as computer expenses and the like. These more traditional expenses are well defined by the […]
The Supreme Court of the United States (SCOTUS) has agreed to hear a case that questions whether the due process clause prohibits states from taxing trusts based on the trust beneficiaries’ in-state residency. It is important to note this case addresses the taxation of the trust income itself, not distributions. […]
The United States is currently entering the third week of a partial government shutdown. As the shutdown continues without an apparent end in sight, taxpayers are likely voicing concerns about how the shutdown will impact their taxes. The truth is the shutdown will impact tax returns. The extent of the […]
The United States Department of Justice (DOJ) is cracking down on the fraudulent operation of tax preparation businesses throughout the country. The agency has recently pursued prosecution of such businesses in Florida, North Carolina and Georgia. The agency reports it has obtained injunctions against hundreds of tax preparation professionals over […]
The Internal Revenue Service (IRS) took another step in its efforts to help tax practitioners avoid data theft. The agency recently released a publication noting tax practitioners could be unaware that they are victims of data theft. This is because the individuals behind these thefts often leave little behind. As […]
The IRS is now enforcing passport restrictions against people with substantial amounts of delinquent tax debt. If you are an expat living abroad, or just want to be able to use a passport to travel outside the U.S., you could be affected. Here are five things to know about tax debt […]
Earlier this year the Supreme Court of the United States (SCOTUS) ruled states can impose a tax on online transactions on out of state merchants. SCOTUS also noted in the case behind the ruling, South Dakota v. Wayfair, that states could not impose a tax in a manner that would result […]
If the Internal Revenue Service (IRS) is going to contact you, odds are high it will be in the form of a letter. The IRS may contact you for a number of reasons, but some of the more common include a tax balance that remains unpaid, a change to a refund amount, […]
Tax season is upon us, which means tax scammers are ramping up their tactics to take advantage of tax payers throughout the country. The Internal Revenue Service (IRS) often sends out warnings about scams in an effort to better protect the public from becoming a victim. One specific scam the agency has […]