Latest News

Major Business Tax Changes for 2016

A large number of important tax changes go into effect this year for businesses. Many were ushered in by the Protecting Americans from Tax Hikes (PATH) Act of 2015 Read more…

IRS Offers Tax Break to Data Breach and ID Theft Victims

The Internal Revenue Service said it will not assert that an individual whose personal information may have been compromised in a data breach must include  Read more…

Why Real Estate Is Your Best Tax Shelter

“In every country I’ve been in, real estate is the best tax shelter,” said Tom Wheelwright, CPA, an advisor and speaker at Robert Kiyosaki’s Rich Dad Poor Dad seminars. Read more…

Senate Probes Rise in Tax Scams

The Senate Finance Committee heard testimony Thursday about the increasing prevalence of tax scams and identity theft. Read more…

Cash Balance Plans Surge

A recent favorable IRS ruling has generated some buzz on cash-balance retirement plans. Read more…

Year-End Uncertainty Highlights Need for Reform

As we enter into tax planning season, we again find ourselves in an all-too-familiar and unsettling situation. Read more…

IRS Recovers $576 Million in Erroneous Tax Refunds from Outside Leads

The Internal Revenue Service recovered $576 million in erroneously issued tax refunds last year thanks to outside tips. Read more…

IRS Taxpayer Advocate Urges IRS to Assist Victims of Tax Preparer Fraud and Expand Preparer Testing

National Taxpayer Advocate Nina Olson has released her mid-year report to Congress, in which she urges the Internal Revenue Service to issue refunds. Read more…

IRS Loses Billions on Erroneous Amended Tax Returns

The Internal Revenue Service is being urged to modernize the process of filing amended tax returns in a new government report. Read more…

IRS May Expand Holds on Tax Refunds for Delinquent Taxpayers

The Internal Revenue Service is considering expanding a program under which it delays tax refunds for up to six months for delinquent taxpayers. Read more…

Taxpayers Divided on Tax Fairness

U.S. taxpayers have sharply contrasting opinions on the fairness of the various taxes they are forced to pay, according to a new survey. Read more…