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AICPA Provides Comments on the Tax Classification of Purpose Trusts
The recommendations would simplify filing for taxpayers and practitioners and will reduce the administrative burden on the IRS.
The recommendations would simplify filing for taxpayers and practitioners and will reduce the administrative burden on the IRS.
The Internal Revenue Service is offering tax-related information to entrepreneurs in anticipation of the upcoming kick-off of National Small Business Week.
The final regulations also describe special rules related to excessive credit transfers and recapture events.
TIGTA investigators identified a scheme where individuals obtained Employer Identification Numbers, a unique nine-digit identifier required for tax purposes, and then used them to file business tax returns that improperly claimed...
A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion.
Despite chronic and pandemic-specific challenges however, the IRS is making strides in returning to business as usual.
Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest.
Fraudsters and identity thieves attempt to trick the recipient into clicking a suspicious link, filling out personal and financial information or downloading a malware file onto their computer.