IRS Deadline: Forms 990 Due May 15
Yesterday, the IRS issued a reminder to some tax-exempt organizations: May 15 is the deadline to submit Forms 990, 990-EZ, or 990-PF. If those affected miss this deadline, it could result in the loss…
Yesterday, the IRS issued a reminder to some tax-exempt organizations: May 15 is the deadline to submit Forms 990, 990-EZ, or 990-PF. If those affected miss this deadline, it could result in the loss…
The Internal Revenue Service has released the 2014 Annual Business Report of its Criminal Investigation Division, which chronicles the priorities, staffing, and organization of the division as well as…
On Wednesday, April 22, IRS Commissioner John Koskinen submitted written testimony to the House Ways and Means Committee assessing the IRS's performance during filing season. He opened his report by…
Read more about IRS Commissioner: Customer Service Issues Stem from Budget Cuts
At any time in the next 10 weeks – probably on a Monday or Thursday – the US Supreme Court will announce its decision in the case of King v. Burwell, the current challenge by opponents to the Patient…
Yesterday, the IRS released advice for amending a federal tax return. Among the ten tips, the article highlights the circumstances necessitating an amended return, the number of forms needed, how long…
Read more about Strike That: IRS Guidance for Amending a Return
The tax preparation industry consists of some 1.2 million paid professionals, according to US News and World Report, engaged in the preparation and filing of forms required by the federal, state and…
Read more about How To Start A Successful Tax Preparation Business
Yesterday the IRS provided advice for submitting returns just before – or on – April 15, listing seven steps to follow:Determine eligibility for tax credits.Document health care coverage status. Make…
The Internal Revenue Service currently suffers from both the animosity many citizens bear toward the government’s collection agency and a series of political, legal, constitutional, and public…
If you have certain kinds of debt, including federal and state back taxes, child support, and student loans, then the Bureau of the Fiscal Service (BFS) – part of the Department of Treasury – can use…
Business leaders in the finance and accounting industries are taking a cautious view of their expectations for profit, revenue, and expansion in the coming year. That’s the major finding of the first…