Experienced-Diligent-Effective
Articles and News
IRS Voluntary Disclosure Program-Employee Retention Credit
IRS has reopened the Voluntary Disclosure Program to help businesses who filed false Employee Retention Credit claims.
Summary of IRS Multinational Tax Rules Past and Present
Summary of IRS Taxation of Worldwide Companies before and after 2017
IRS Transfer Pricing Enforcement
The IRS has increased its audits of multinational companies, including their transfer pricing.
Online sellers--IRS Delays Reporting Requirement
IRS delays $600 Form 1099-K reporting rule on Venmo, PayPal
Alabama Tax Audit Targets
How does the Alabama Department of Revenue choose taxpayers for audit.
IRS Expat Filing Program--Amnesty
IRS Streamlined Filing Program for Expat non-filers seeking amnesty on income tax filings and FBAR.
IRS Rule on PayPal and Venmo Transactions
New IRS 1099-K Rules on Payment Processor Payments
More IRS Audits
IRS audits have increased in recent months, especially for higher-income taxpayers, corporations, and partnerships.
IRS--Back to the Office, Appeals and Tax Court
IRS employees are going back to their offices and backlogged Tax Court cases are being assigned to Appeals.
IRS Funding, Audits and Bank Accounts
Spending Proposals IRS budget increase will result in more audits and more information reporting requirements for banks.
Second Round of PPP
The Second Round of Paycheck Protection Program loans is available to help individuals and businesses affected by COVID.
Taxation of Personal Sickness/Injury and/or Disability Lawsuit Settlement Awards
Taxation of Legal Settlements from Personal Injury, Personal Sickness, Disability Insurance Awards
IRS Extends Tax Due Dates
Internal Revenue Service extends due dates for filing and paying
Summary of The Trust Fund Recovery Penalty
Summary and computation of Trust Fund Recovery Penalty
Internal Revenue Service Standard Mileage Rates
2019 Internal Revenue Service (IRS) Standard Mileage Rates.
Taxation of Alimony
Taxation of alimony under Trump’s tax plan and prior tax law with an analysis of divorce and taxation pursuant to Alabama state law.
Tax Reform for Businesses
The recently enacted tax reform bill has made significant changes to the taxation of business. This post summarizes some of the more substantial changes.