The Supreme Court recently settled a divided debate when it ruled that the Patient Protection and Affordable Care Act (PPACA) individual mandate is constitutional and that the “shared responsibility payment” is a tax. How will this affect you? History Beginning in 2014, the PPACA will require individuals to carry a minimum healthcare coverage for themselves… Continue reading →
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IRS Audit Focus for 2013
The IRS constantly researches areas it needs to analyze and focus on each year. We are coming up to the start of the government’s fiscal year on October 1st, and the government has already announced areas that it will focus on for the coming year. When it comes to compliance, the IRS has begun to… Continue reading →
IRS Taxpayer Advocate Service Changes Case Acceptance Criteria
The Taxpayer Advocate Service (TAS) is altering the measures it uses to accept cases from taxpayers that are having difficulty dealing with the Internal Revenue Service to lighten its caseload. The TSA has restricted its case admission criteria as budget cutbacks are taking a toll on the IRS. The IRS sent a recent email to… Continue reading →
IRS Notice -Changes in Letter-Fowarding Policy for Missing Taxpayers
The IRS has now made some new changes in its letter -forwarding services. Under this new approach, the IRS has recently stated that they will not provide letter –forwarding services to locate a taxpayer that may be owed assets from an individual, company, or organization. This is important news for missing taxpayers that may be… Continue reading →
Red Flags to the IRS – Audit Statistics
Business Tax Audit Advice From Former IRS Commissioner
An audit can be both an alarming and bothersome time for a business. Here are some simple and helpful steps from the Commissioner of the IRS to make the process go as smoothly as possible. These suggestions are especially useful to small and medium sized businesses. How to Maneuver the Audit Process: 1…. Continue reading →
