IRS Simplifies Tip Reporting
IRS Simplifies Tip Reporting The Internal Revenue Service today released formal guidance on its new tip reporting procedure, the Attributed Tip Income Program (ATIP)…
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Category: IRS
IRS FIN 48
IRS FIN 48 Background As a result of the impending effective date for the application of Financial Accounting Standard Board Interpretation No. 48, Accounting…
Income the IRS Can’t Touch
Income the IRS Can’t Touch There’s one readily available and legal source of untaxed income that we know of: municipal bonds. These securities are…
Is The IRS Above the Law?
Is The IRS Above the Law? By Alan Olsen, CPA, MBA (tax) Managing Partner Greenstein Rogoff Olsen & Co. LLP Have you ever wondered…
IRS Updates Procedures for Reopening Closed Cases
IRS Updates Procedures for Reopening Closed Cases IRS issued Rev. Proc. 2005-32 On May 20, 2005, the IRS issued Rev. Proc. 2005-32, which updates…
Late Filed IRS Form 5471 – Automatic Penalty of $10,000 is a reality!
IRS Form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations, has been a filing requirement for many decades if a…
IRS Extension 409A
IRS Extension 409A The IRS has issued Notice 2007-86 which delay the effective date of the Proposed Regs under Section 409A until January 1,…
IRS Amended Return
Source: IRS.gov Posted: 4/23/2013 What should you do if you already filed your federal tax return and then discover a mistake? Don’t worry; you…
IRS Circular 230 Disclosure
To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this document is not…
Tips for the Self Employed in Avoiding an IRS Audit
Tips for the Self Employed in Avoiding an IRS Audit If you are self-employed, the chance that you have of being selected for an…