The IRS has published a private letter ruling on Section 1362, concluding that the event causing the termination of the taxpayer’s S corporation election was not reasonably within the control ...

Millions of Americans receive 1099-Ks from third-party payment platforms like PayPal, Venmo, Stripe, and more every year. But ...

Democrats broke the cycle with the 2022 Inflation Reduction Act signed by President Joe Biden. The law, which passed both the ...

Each Form 1099 is matched to your Social Security number, so the IRS can easily issue a tax bill if you fail to report one.

The tax advantages for US individuals who become bona fide residents of US possessions can be substantial. These tax advantages have lured more than ...

Olson said that attitude was disturbing and that simplistic answers can create problems for taxpayers in IRS audits and in the courts. “A swimming pool in someone’s home, even if employees are ...

Since the EITC is often claimed in error, it attracts scrutiny for audits. What to do if you're audited by the IRS Always open and carefully read any IRS mail you receive. The letter or notice ...

Several American administrations in the 20th century misused the Internal Revenue Service, the U.S. tax collection agency, to target opponents by ordering audits of their tax filings, historians say.

ABSTRACT: This study investigates the current state of technology adoption in Cameroonian audit firms, identifies key challenges, and explores the role of professional accounting bodies and ...

The Bharatiya Janata Party (BJP) will send notice to 20 MPs who were absent during voting on ‘One Nation, One Election’ bill, which was tabled in the Lok Sabha on Tuesday. The BJP had issued a ...

By the way, according to the IRS press office, the additional audits have so far raised less than $2 billion, far less than the additional expenditures. So how is this program “paying for itself”?