A recent report shows IRS individual audit rates at the lowest level since 2004. In addition to cuts in IRS funding and staffing, the 8 million phone calls the IRS dropped, and the cyber theft […]
IRS Audit Rates Drop, Again Read More »
On the last day of July, Obama signed into law, H.R. 3236, the “Surface Transportation and Veterans Health Care Choice Improvement Act of 2015”. One of the provisions of this law included a change to
Update: New Tax Deadlines Read More »
Several years ago, the IRS passed legislation aimed to catch at tax cheats harboring income producing assets in foreign bank accounts. The legislation required taxpayers to disclose details relating to off shore banking accounts to
No Penalty for Delinquent FBAR Submissions Read More »
Rand Paul wrote a piece in the Wall Street Journal the other day titled “Blow Up the Tax Code and Start Over”. Can his proposal for a flat 14.5% tax to personal and corporate income
“Blow Up the Tax Code and Start Over” Read More »
On its website, the IRS announced relief for taxpayers in Harris, Hayes, and Van Zandt who were affected by the severe storms, tornadoes, straight-line winds, and flooding that took place in Texas beginning on May 4,
Tax Relief for Disaster Victims in Texas Read More »
Last week, the IRS released the Spring 2015 Statistics of Income Bulletin. The bulletin includes preliminary numbers from the 2013 tax year. Some of the more interesting data points include the following: 147.7 Million tax
Spring 2015 Statistics of Income IRS Bulletin Released! Read More »
Typically, I don’t comment on proposed legislation or politics, but there has been more than a few articles over the last year on tax avoidance strategies corporations have been using to their advantage. One of
Obama tax proposal to impose lower tax rates on “repatriated” profits Read More »
