If your client holds foreign financial accounts with a value exceeding $10,000, it most likely needs to be reported on the FinCEN 114. Unfortunately, sometimes clients do not disclose this information to their accountant even if the client questionnaire requests it. Read More.
The two major concerns for taxpayers continues to be saving as much money as possible on taxes as well as making sure they aren’t audited by the IRS. Read More.
This week the government failed to reach an agreement on the federal budget and lingering health care reform concerns. The effects have been widespread as it’s impacting over 800,000 government workers, areas of the economy that rely on certain government functions, and it’s bad overall publicity for the country. One other area that has been impacted is the IRS and certain taxpayers. Read More.
The IRS has come under fire of late due to recently released documents made public by the American Civil Liberties Union (ACLU). The documents indicate that the IRS does not need a warrant to access a taxpayer’s electronic communications such as emails and text messages. The IRS has since denied those claims. Should you be worried about the IRS reading your emails? Read More.
The fear of being audited by the IRS remains one of the biggest concerns of taxpayers. The other major concern of course is paying too much in taxes because of missing certain tax breaks. With regards to getting audited, recently released figures indicate which taxpayers are most likely to face an examination. Are you at risk? Read More.
Quick Reference
|
Topic
|
|
|
Error: Twitter did not respond. Please wait a few minutes and refresh this page. |
 |
