Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
October 19, 2015
Report Says IRS Computers Exposed to Hackers
In a new report released by the Treasury Inspector General for Tax Administration (TIGTA), the IRS has been sharply criticized for failing to update the Windows operating system on its computers in a timely fashion. The foul-up exposed sensitive ...
October 17, 2015
Tax Tips: 16 Ways to Beat the IRS in 2016 – Year-End Tax Planning Series
The best tax advice you can get is to speak with a CPA or Enrolled Agent. These tax experts can help develop a tax strategy designed around your specific needs and situation, and they are the only professionals who can represent you before the IRS.
October 14, 2015
IRS Over Exposing Social Security Numbers on Documents, Says Report
An Office of Management and Budget mandate required the IRS to eliminate the unnecessary use of SSNs by March 2009. However, the IRS suspended work on the forms, letters, and systems components of its SSN Elimination and Reduction Program in ...
October 9, 2015
IRS Failing to Revoke PTINs of Felons, Other Non-Compliant Tax Return Preparers
The review identified 3,001 preparers with a felony conviction on their application; 87 reported a crime related to Federal tax matters. Processes do not ensure that PTINs assigned to prisoners or individuals barred from preparing tax returns are ...
October 8, 2015
Why Florida Leads Nation in ID Theft Income Tax Refund Fraud: IRS Cracking Down
Florida has been in the news a lot recently, and probably not for reasons that promoters of the Sunshine State would prefer. The spotlight is because hundreds of people have been arrested over the past year for identity theft crimes that involved filing bogus income tax returns for thousands of taxpayers, and then having the…
October 5, 2015
IRS Begins Exchanging Tax Information With Other Nations: Focus On Enforcing FATCA
With a focus on enforcing FATCA, the Foreign Account Tax Compliance Act, the Internal Revenue Service is now exchanging financial account information with the taxing authorities in selected countries.
October 2, 2015
Woman who bragged on Facebook about tax fraud gets 21 year sentence
Rashia Wilson, a self-proclaimed "queen of IRS tax fraud," was sentenced today to 21 years in federal prison.
October 2, 2015
IRS failing in efforts to curb ID theft tax fraud
The IRS is running into problems as it struggles to get control over the wave of identity theft tax refund fraud that has engulfed the Tampa, Florida, area and spread to other parts of the country over the last three years.
September 29, 2015
IRS Gives Tax Relief to Farmers and Ranchers in 48 States and Puerto Rico
The one-year extension of the replacement period announced today generally applies to capital gains realized by eligible farmers and ranchers on sales of livestock held for draft, dairy or breeding purposes due to drought.
September 29, 2015
Thomson Reuters Adds Content on New York’s Corporate Tax Overhaul
New York’s latest tax system overhaul has brought about substantial changes and complex transitional rules. They affect New York-based corporations as well as companies that conduct business with New York corporations or have customers in the state.
September 28, 2015
When Increasing a Taxpayer’s Alternative Minimum Tax Liability is the Best Strategy
Some taxpayers who have spent the last few years trying to avoid the alternative minimum tax (AMT) might try a novel approach in 2015: They might actually increase their AMT liability. This could be the optimal approach after you’ve conducted an ...
September 22, 2015
IRS Needs to Better Verify Claims for Exemption from Social Security Taxes, Says Report
In an effort to eliminate dual taxation with respect to Social Security taxes, the United States entered into international agreements, called Totalization Agreements, with 24 foreign countries.