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The Internal Revenue Service today announced that its offshore voluntary disclosure programs have exceeded the $5 billion mark and released new details regarding the voluntary disclosure program announced in January, including tightening the eligibility requirements. "We continue to make strong progress in our international compliance efforts that help ensure honest taxpayers are not footing the [...]

The Internal Revenue Service today announced a plan to help U.S. citizens residing overseas, including dual citizens, catch up with tax filing obligations and provide assistance for people with foreign retirement plan issues."Today we are announcing a series of common-sense steps to help U.S. citizens abroad get current with their tax obligations and resolve pension [...]

The Internal Revenue Service today announced a plan to help U.S. citizens residing overseas, including dual citizens, catch up with tax filing obligations and provide assistance for people with foreign retirement plan issues."Today we are announcing a series of common-sense steps to help U.S. citizens abroad get current with their tax obligations and resolve pension [...]

The Internal Revenue Service marked the third anniversary of its groundbreaking return preparer initiative and urged those paid tax return preparers required to pass a new competency test to take the test as soon as possible. Three years ago the IRS took its first step toward ensuring standards for competency, continuing education and ethics would [...]

The Internal Revenue Service marked the third anniversary of its groundbreaking return preparer initiative and urged those paid tax return preparers required to pass a new competency test to take the test as soon as possible. Three years ago the IRS took its first step toward ensuring standards for competency, continuing education and ethics would [...]

If you receive Form 1099-A, Foreclosures and Reposessions or Form 1099-C, Debt Cancellation Income it could have a serious impact on your tax return.  Get assistance from a qualified tax professional in dealing with these forms.

If you receive Form 1099-A, Foreclosures and Reposessions or Form 1099-C, Debt Cancellation Income it could have a serious impact on your tax return.  Get assistance from a qualified tax professional in dealing with these forms.

Reminder:  The second quarter estimated tax payment for 1040 calendar year filers is due today!

Reminder:  The second quarter estimated tax payment for 1040 calendar year filers is due today!

With the early start of this year’s hurricane season, the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps.Create a Backup Set of Records Electronically Taxpayers should keep a set of backup records in a safe place. The backup should be stored away from the [...]