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In doing tax collection work, can the IRS balance the need for the government to collect the tax against the ability of the taxpayer to pay the tax. The IRS easing the standards for troubled taxpayers is known, in part, as the Fresh Start Initiative.

Tax refunds from the 2015 tax filing season may be delayed. Due to budget cuts, IRS officials are warning taxpayers not to expect their tax refunds to be delivered as quickly as in the past. In recent years, the IRS says it was able to issue most tax refunds within 21 days.

The IRS issues an Internal Revenue Manual that is available to the public. When you are dealing with the IRS’ Collection Division, and you need to know what the IRS cannot do in a collection matter, reference the Internal Revenue Manual which is accessible here.

You haven’t filed a tax return for a while and the IRS requires you to file, in most cases, the last 6 years of tax returns. The IRS provides several programs to help with this. Taking a few steps to help you move on can be easier than you might think.

In speaking to most IRS collection officers, you would be under the impression that the IRS can file a lien against a taxpayer’s property whenever the taxpayer owes money to the government. A recent Tax Court decision showed that may not always be the case.

Are They Really Independent Contractors? With upcoming employer mandates from the Affordable Care Act, enforcement by the IRS might increase. The line between independent contractor and employee is not always clear. Guidelines that can be used in making the determination.

How to deal with the IRS if you are a closely-held business. If you have ever squared off with a Revenue Officer or Revenue Agent, you know how difficult it can be to resolve your tax issues. Tips to keep in mind when things get 'hot' with the IRS. Working through tax debt.

You paid your subcontractors but did not send them a Form 1099. The auditor has copies of your checks verifying the payment. The IRS auditor says you cannot deduct an expense if you did not send Form 1099. The IRS auditor is confusing two separate rules.

May 29, 2013 By Dan Gibson, CPA  In this era of ever increasing medical insurance premiums, S corporation shareholders should be mindful of the limitations with respect to these expenditures.  By ignoring these limitations, shareholders risk the deductibility and the

What Are My Chances of Being Audited? Based upon new data from the IRS, the matrix for tax examinations over the past ten years has evolved. You could escape an IRS audit only to be trapped by your home state, or a state in which you do business.

IRS preliminary drafts of forms for Affordable Care Act and participation in the health Exchange. This early look should help employers and their benefit administration partners assess the significant administrative time. Info on the Affordable Care Act, health exchanges and IRS forms.

Understanding sales tax is critical to establishing an effective program to administer the tax. Webinar on Golden Rules of Sales and Use Tax. As a general rule, all states that have sales tax have a use tax.

Financial statements and companies that need to be aware of their compliance with their debt covenants. It is vital that you monitor the status of your company’s loan covenants. Depending on the type of covenant, a violation can cause your bank to call its loan. There are three variations of debt covenants.

Webinar what you need to know about Cloud technology. What is it and what does it mean for your business? Learn what is behind The Cloud, who the major players are and why you should consider moving there (or not) and what you need to know before you choose your Cloud partners.

Despite the possibility of looming recessionary, private equity (“PE”) and venture capital (“VC”) managers who invest in health care remain optimistic, saying that this sector remains one of the most robust parts of the economy.

A conversation with Felipe Cifuentes of Vineyard Infrastructure about the outlook for infrastructure investing

A conversation with Scott Grimberg of Itau USA Asset Management about the outlook for investing in emerging markets fixed income and currency.

The U.S. Securities and Exchange Commission (“SEC”) is proposing enhanced transparency requirements for private fund managers and CFOs, CTOs and CCOs to have designated roles to ensure firm compliance.

A discussion with Zoe Cruz, Founder & CEO of Menai Financial Group, on investing in digital assets such as crypto and blockchain.

The recent “Getting Your Company Funded” panel at the Young Start-Up Ventures’ Venture Summit West 2022, provided best practices on how start-ups could obtain funding.