Business Tax Tips: New Form 1099-K Reporting
Business owners preparing for tax day, take note. A Reuters article entitled IRS Clarifies 1099-K Reporting for 2011 Taxes reported recent IRS clarification for how to report the new 1099-K forms on...
View ArticleSinger Lauryn Hill Faces Serious IRS Tax Problems
Grammy Award-winning singer, songwriter Lauryn Hill has dominated tax news last week for being charged with failing to file and pay three years of back taxes to the IRS. If found guilty, Ms. Hill could...
View ArticleIRS Announces Tax Relief for Americans Living Abroad
The IRS has just announced some tax rule easement for Americans living abroad who still need to file their U.S. federal income tax returns or Reports of Foreign Bank and Financial Accounts (FBARs)....
View ArticleAvoid an IRS Audit-Tax Tips for Charitable Giving
‘Tis the season for gift giving and with the tax season approaching quickly, the IRS has sent out a “special addition tax tips“ bulletin regarding charitable contributions to help taxpayers understand...
View ArticleSwiss Bankers Caught Hiding Offshore Accounts from IRS
If you think the saga between the U.S. government and Swiss banks was over, think again. An article titled Feds Charges Swiss Bankers with Tax Conspiracy from Accounting Today reports on the U.S....
View ArticleHow to Avoid IRS Audit Triggers
IRS audits process are often a random selection. However, there are some triggers that can set the audit wheels in motion and bring on further examination and the possibility of paying more to the tax...
View ArticleOffshore Amnesty Programs Yield $5.5 Billion
Government investigators reported that the Internal Revenue Service has recouped more than $5.5 billion for the voluntary disclosure programs. NPR sites an Associated Press article titled: Tax Cheats...
View ArticleBeyonce’s Father Owes $1.2 Million in IRS Back Taxes
It’s pretty clear Beyonce’s former manager and father, Mathew Knowles knows a thing or two about managing a superstar. However, it appears he’s less knowledgeable about what it means to owe back taxes...
View ArticleOffshore Bank Account Filing Deadline June 17
A recent IRS Press Release aims to remind taxpayers with foreign bank accounts and assets that their filing deadline to report them to the IRS is June 17, 2013. This applies to U.S. citizens and...
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