WASHINGTON (Reuters) - More than 45 major U.S. companies, including big banks, are being offered settlements to get rid of abusive tax shelters, the Internal Revenue Service said on Wednesday. "Promoters and participants in aggressive tax shelters should know that the...
By Donna Smith WASHINGTON (Reuters) - More than 1.6 million U.S. businesses owe the Internal Revenue Service more than $58 billion in unpaid taxes for Social Security, Medicare and unemployment insurance, a government watchdog agency said on Tuesday. In a report...
BELLEVUE, Wash. -- Jane Searing, a Shareholder with Clark Nuber, a CPA and consulting firm in Bellevue, was chosen as one of CPA Magazine's "Top 50 IRS Practitioners" for 2008. The magazine went to great lengths to identify the cast of 50 experts having extensive experience representing clients before the...
FEI's Committee on Taxation COT has sent a letter to officials at the Internal Revenue Service and Department of Treasury, commending the IRS for reconsidering a matter relating to IRS access to tax accrual workpapers. ... FEI's Committee on Taxation COT has sent a...
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c89855) has announced the addition of "IRS Corporate Financial Ratios Research Report" to their offering.
The U.S. Internal Revenue Service IRS said it was taking new applications for tax credits for integrated gasification combined cycle projects using bituminous coal. Applications for the credits are to be submitted to the Department of Energy on or befo The U.S. Internal Revenue Service IRS said it was taking...
On Nov. 13, 2006, the Internal Revenue Service issued Revenue Ruling 2006-56 to address how it will handle carrier transportation per them programs lacking "mechanisms or processes" established to track and correct excess per thems paid to driveOn Nov. 13, 2006, the Internal Revenue Service issued Revenue Ruling 2006-56 to...
CHICAGO -- Internal Revenue Service enforcement efforts increased dramatically during fiscal year 2007, reports Robert McKenzie, partner and noted tax attorney with the Chicago law firm of Arnstein & Lehr LLP.
The first draft of the revised Form 990 issued by the Internal Revenue Service in June 2007 was discussed in this column a few months back. At that time, the IRS had received many comments in response to its request. It promised to review the comment ...
Not looking forward to the Ides of April? A new startup called Sexat ("Taxes" backwards, get it?) has worked out a deal to let you SMS your 1099s and W2s directly to the IRS—no H&R Block schmoe needed. All you have to do is follow the simple guidelines on the...
Officials at the Internal Revenue Service hosted a nationwide telephone news conference last week to help answer questions about the recently approved stimulus package.
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c85884) has announced the addition of IRS Audits of Tax-Exempt Organizations: Policies, Practices, and Procedures to their offering.
PAGOSA SPRINGS, Colo., June 13 /PRNewswire/ -- "To say that the church in America is sick is an understatement, and I believe God has shown me what the cause of that sickness is," writes John Norris in his new book, "The American Church: Bond Slave to the IRS" (published...
The IRS has handed a nice present to accrual-basis government contractors performing under cost-reimbursable contracts. It recently issued Technical Advice Memorandum TAM 200803017, which deals with the general rule for inclusion of income in a par The IRS has handed a nice present to accrual-basis government...
If your organization offers voluntary-participation 403b retirement plans for your employees, you need to be aware of new IRS regulations. These rules dramatically change how you're required to manage such plans.
Goodwill Industries International is urging the Internal Revenue Service to consider alternatives to proposed revisions to its Form 990, a key public disclosure document used by charitable organizations. In a letter to the Internal Revenue Service, Goodwill Industries International provides examples of practices used by local...
The IRS is planning to phase out Form 990-EZ, merging it into the newly redesigned Form 990, and eliminate group returns for tax-exempt organizations. Small organizations (with gross receipts below $25,000) will need to file Form 990-N (also called the e-postcard) electronically with the IRS. For more information, see the...
The IRS has extended fast-track settlement to include small business and self-employed taxpayers. "A primary focus in the IRS reorganization has been to develop systems and processes that improve service to the taxpayer. Fast-track mediation is geared to meet taxpayer needs by resolving controversy at the earliest resolution point within...
The Internal Revenue Service and the Oklahoma Employment Security Commission have agreed to share the results of employment tax examinations with each other, officials said.
If your organization has issued, or is thinking of issuing, tax-exempt bonds, you need to be aware of some actions taken recently by the Internal Revenue Service ORS). If your organization has issued, or is thinking of issuing, tax-exempt bonds, you need to...
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