Opening up your mail to find a letter from the Internal Revenue Service (IRS) likely leads to stress. Unless you are expecting a tax return in the form of a check — that is likely the only time anyone is excited to get a mailing from the Uncle Sam. For […]
There are some activities that are synonymous with summertime: barbeques, boat rides, and family road trips are a few that often come to mind. In some cases, summer fun can lead to tax savings. Three examples to watch for include: Spring cleaning and donations. Just before summer kicks off, many clean […]
Tax preparation professionals will likely find themselves in a relatively stable career. After all, we can claim nothing to be certain, except death and taxes. As long as the United States government continues to collect taxes, people will continue to need help navigating their tax filings. Motivating factors to join […]
The Internal Revenue Service (IRS) may expand its focus when looking for tax fraud. The shift may come as a result of a recent whistleblower case. The case involves a former chief tax executive who reached out to the agency to call out his employer for alleged tax fraud crimes. […]
Tax preparation and accounting offices throughout the country reported record-setting extension requests for tax filings this year. The increase was the result of many different factors, including: New tax law. The Tax Cuts and Jobs Act (TCJA) was, arguably, the biggest reason for the jump in extension requests. The new law […]
The American Bar Association’s taxation section recently held their annual meeting. This group of legal professionals from throughout the country met with representatives from the Internal Revenue Service (IRS) to discuss the agency’s focus in coming months. One of the main takeaway lessons from the meeting: representatives encouraged tax professionals to […]
United States citizens and resident aliens living abroad may still need to file taxes for the 2018 tax year. Tax obligations are broad and the reach of the Internal Revenue Service (IRS) is long — often extending past the country’s borders. If you do need to file and missed the […]
The recently public Uber Technologies Inc. is currently under investigation by the Internal Revenue Service (IRS). Bloomberg reports the agency is reviewing two years of the ride-sharing company’s tax filings. The company has stated the agency is simply conducting an “examination” in light of its recent initial public offering. Skeptics have voiced […]
If you travel (or plan to travel) internationally but have substantial tax debt, the IRS has you in its crosshairs as never before. Under a new law, the IRS is required to use passport restrictions as a tool to collect taxes in certain cases. If you owe $50,000 or more […]
Experienced Tax Attorneys in Dallas-Fort Worth In May, 2012, the IRS announced taxpayer-friendly changes benefiting those seeking to pay tax debts using offers in compromise (OICs). At the Dallas-Fort Worth law firm of Brown, PC, we are prepared to help taxpayers understand the new OIC terms and determine their eligibility […]