It’s impossible these days to listen to or read the media or view social media posts without finding out something about the IRS. In 1998, Congress … Read more about 25 Years Since the IRS Restructuring and Reform Act of 1998
Looking Ahead at Taxes for Self-Employed Individuals
Self-employed individuals Self-employed individuals are sole proprietors, independent contractors, partners, and members of limited liability … Read more about Looking Ahead at Taxes for Self-Employed Individuals
Settling Up with the IRS
Even though audit rates are at historic lows — just 0.7% overall in the government’s 2016 fiscal year — you may be the unlucky taxpayer to fall under … Read more about Settling Up with the IRS
Higher Penalties for IRS Information Return Failures
Follow @BarbaraWeltman “We can lick gravity, but sometimes the paperwork is overwhelming,” said Wernher von Braun (father of the U.S. space … Read more about Higher Penalties for IRS Information Return Failures
Penalty Relief Deadline for Small Retirement Plans Approaching
Follow @BarbaraWeltman Small qualified retirement plans must file annual returns in the 5500 series with the U.S. Department of Labor or face … Read more about Penalty Relief Deadline for Small Retirement Plans Approaching
What Does the IRS Have Against Food?
Follow @BarbaraWeltman Nothing, unless you want to deduct it or otherwise get a tax benefit from it. There are only limited situations in which you … Read more about What Does the IRS Have Against Food?