Sacramento County in CA, owed the Federal Government upwards of $18 million dollars in back taxes regarding payroll liabilities. This liability was incurred by a New Jersey payroll processor, Ingentra, whose services were utilized through the outsourcing of payroll processing...
The Internal Revenue Service has announced that many members of the military are able to get their tax returns prepared for free on or off most military bases, including overseas locations. The program is provided through the Volunteer Income Tax...
Across the board federal spending cuts, known as sequestration, are about to take effect on March 1st if Congress fails to reach a new deal, and the impact on the IRS and various taxpayer services will certainly be felt at...
The US Senate Finance Committee released a bill called the “Veteran Employment Transition Act of 2013”, that was introduced on January 24th, 2013. This bill would improve the existing Work Opportunity Tax Credit for employers by allowing them to claim...
The IRS created regulations that required all tax return preparers to pass a qualifying exam, pay an annual application fee, and take 15 hours of continuing education courses each year, in order to become a “Registered Tax Return Preparer” (RTRP)....
The IRS has released findings from the Treasury Inspector General for Tax Administration (TIGTA), that states approximately 60 percent of taxpayers who claim large noncash contributions may be reporting them erroneously. Typically, a taxpayer can claim a noncash contribution to...
The IRS has announced a simplified method to claim the home office deduction as an alternative option beginning this year. In 2010, nearly 3.4M taxpayers claimed deductions for the business use of their home or residence. This new options provides...
Washington based online retailer Amazon Inc has decided to fight a $234M tax liability in US Tax Court, regarding the alledged IRS over-valuation of Amazon’s “intangible property” that moves across international borders, referred to as a “transfer tax”. The IRS...
The IRS is having trouble dealing with the growing backlog of Offer in Compromise (OIC) submissions from struggling taxpayers. The IRS has recently been promoting the program during the tough economic times in order to assist taxpayers who qualify for...
JK Harris, former CEO of JK Harris & Co. has been arrested for contempt of court, regarding the failure to appear after being ordered to appear in a case that held Mr. Harris personally liable for a $355K judgement for...
