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7 Aug 2017, 10:55 am
Beginning in 2009, the Internal Revenue Service (IRS) introduced the first of several settlement programs known as the Offshore Voluntary Disclosure Program (OVDP), offering taxpayers the chance to pay back taxes and interest for 2003 to 2008 and pay a penalty of 20% of the highest aggregate balance in the account during 2003 to 2008. [read post]
7 Aug 2017, 10:55 am
Beginning in 2009, the Internal Revenue Service (IRS) introduced the first of several settlement programs known as the Offshore Voluntary Disclosure Program (OVDP), offering taxpayers the chance to pay back taxes and interest for 2003 to 2008 and pay a penalty of 20% of the highest aggregate balance in the account during 2003 to 2008. [read post]
7 Aug 2017, 8:53 am
The tax credit “spends” by forgoing the revenue collection in the first place. [read post]
6 Aug 2017, 7:00 am
The West is well poised to help the Balkan states address their internal challenges, while also staving off Moscow’s destabilizing influence. [read post]
5 Aug 2017, 2:00 am
The laws were overhauled in the more-extensive Revenue Act of 1862, which created the agency that later become known as the Internal Revenue Service and levied the first progressive income tax on Americans. [read post]
4 Aug 2017, 7:24 pm
The Internal Revenue Service has extended the deadline for foreign financial institutions (FFIs) to renew their FFI Agreements to October 24, 2017. [read post]
4 Aug 2017, 4:03 pm
The Internal Revenue Service, state tax agencies and the tax industry today warned tax professionals to be alert to a new phishing email scam impersonating tax software providers and attempting to steal usernames and passwords. [read post]
4 Aug 2017, 3:41 pm
S.1698: A bill to amend the Internal Revenue Code of 1986 to clarify the treatment of contributions to Alaska Native Settlement Trusts, and for other purposes. [read post]
4 Aug 2017, 3:41 pm
S.1698: A bill to amend the Internal Revenue Code of 1986 to clarify the treatment of contributions to Alaska Native Settlement Trusts, and for other purposes. [read post]
4 Aug 2017, 3:44 am
Don Fort, IRS-CI Chief The Internal Revenue Service (IRS) has officially introduced the new Chief of the Criminal Investigation division. [read post]
4 Aug 2017, 12:31 am
Here are some of the tax issues I covered: 501(c)(6) Most bar associations are organized and operated to qualify as exempt from federal income tax under Section 501(c)(6) of the Internal Revenue Code. [read post]
3 Aug 2017, 9:00 pm
With $50 billion in annual revenues, JBS is the world’s largest animal protein producer and second largest food company on the planet. [read post]
3 Aug 2017, 8:15 am
In Accounting Today’s article “Properly Classifying Workers Remains a Major Problem“, employment attorney Scott Connolly comments on how worker misclassification is a prevalent issues for both the Internal Revenue Service and state taxing officials. [read post]
2 Aug 2017, 2:10 pm
Under the Internal Revenue Code, a nonresident alien (“NRA”) in the United States under a teacher, researcher, trainee, or student visa is exempt, within certain limitations, from FICA taxation. [read post]
2 Aug 2017, 5:01 am
Code (i.e., the Internal Revenue Code) from the website of the U.S. [read post]
1 Aug 2017, 11:46 am
Most of the redactions in the briefs fit in the following pattern: He testified that, but for Holland’s infringement, Georgetown would have inspected XXXXX miles of track for UP over a XXXXXXX period at a rate of $XXXXX, thereby realizing $XXXXX in revenues. [read post]
1 Aug 2017, 11:45 am
The Internal Revenue Service (IRS) rehired a bunch of employees it shouldn’t have, is how I read a newly released investigation by the Treasury Department Inspector General. [read post]
1 Aug 2017, 8:42 am
Companies with multinational production processes take deductions and report revenues throughout the world to allocate their profits. [read post]
1 Aug 2017, 5:49 am
Shutterstock Resolving your tax issues with the Internal Revenue Service (IRS) just got a little bit easier – assuming you have an internet connection. [read post]
31 Jul 2017, 1:18 pm
Historically, state law enforcement agencies, not the Justice Department or Internal Revenue Service, have taken the lead in cracking down on the use of revenue suppression software. [read post]
