The IRS erred in assessing $5.5 million in tax deficiencies and penalties resulting from alleged misreported income, the owner of a mortgage company and consulting business told the US Tax Court.
Ultimately, the right entity choice depends on the business’s goals, profit model, ownership structure, and tolerance for ...
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I Found Out My Accountant Hasn’t Filed My Taxes For Three Years. Am I On The Hook For Penalties?
Finding out your taxes haven’t been filed hits like cold water down your back. The air gets tight. Your mind jumps straight ...
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A Connecticut-based accountant has pleaded guilty in federal court to tax evasion after failing to report about $1.3 million ...
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Treasury plans to change tax credit eligibility in a move critics say will hurt immigrant taxpayers
The U.S. Treasury Department plans to reclassify certain refundable tax credits as "federal public benefits," barring ...
The longest government shutdown in U.S. history is now over. The backlog of work, however, remains. As the IRS scrambles to ...
White House Press Secretary Karoline Leavitt said Thursday that American taxpayers could see an extra $1,000 in their tax ...
With the budget impasse resolved, federal agencies are back to work and government employees have returned to their posts. The Internal ...
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