WASHINGTON, D.C. - The Internal Revenue Service announced a one-time extension of the previous deadline (formerly September 23, 2009) for special voluntary disclosures by taxpayers with unreported income from hidden offshore accounts. These taxpayers now have until October 15, 2009. This is a follow up on my post earlier this week, regarding when the Internal Revenue Service [...]
WASHINGTON, D.C. - The Internal Revenue Service and the Department of Justice announced the successful negotiation of an agreement that will result in the IRS receiving an unprecedented amount of information on United States holders of accounts at the Swiss bank UBS. Once sacred information will now be used to close the Tax Gap. In [...]
Did you know: Over 70% of all employment tax audits result in finding misclassified workers? The EDD and the IRS win 90% of the cases that go to hearing or trial? During this recession, the EDD and the IRS have been getting increased funding to enforce IC compliance? It is too late to prepare for [...]
Many are predicting the economy will be recovering in the next 6 to 18 months. Every thing goes faster these days so once the recovery begins to catch, things will happen fast. The leaders (those who are ready) will get the best accounts and the best workers. Can you afford to sit back and wait until [...]
In a recent report to Congress the Taxpayer Rights Advocate stated, “The IRS expects the number of individual returns from small business or self-employed taxpayers to grow by about 33 percent between 2006 and 2014, while the number of individual returns from other taxpayers is expected to decline by about two percent over the same [...]
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