The Internal Revenue Service is diligently working to stop fraud perpetrated by persons who buy or steal Social Security numbers. Tax identity theft is a growing problem that affects millions of Americans, but “it’s gone from hundreds of people filing hundreds of fraudulent returns to thousands of
Read more →The Treasury and the IRS have announced that they will be taking targeted action against corporations employing a technique known as a tax inversion in order to avoid taxation, and have issued a fact sheet and a Notice in that respect. What happens with an inversion, is
Read more →The Individual Shared Responsibility Payment Beginning in 2014, the individual shared responsibility provision of the Affordable Care Act requires each individual to: Maintain a minimum level of health care coverage – known as minimum essential coverage , or Qualify for an exemption , or Make an individual
Read more →This week the Internal Revenue Service announced the adoption of a “Taxpayer Bill of Rights” that will become the primary document to provide U.S. taxpayers with a better understanding of their rights. The Taxpayer Bill of Rights takes the multiple existing rights embedded in the tax code
Read more →As an Entrepreneur one of our primary concerns is to keep costs down and increase revenue. But to increase revenue does NOT mean we have to put all of our money into marketing our firm and hiring the best PR firm out there. Mark Cuban sums it
Read more →Being happy is behind every single human goal, objective, mission and wish to achieve that “something.” It has never truly been defined concisely, but everyone seems to aim for it. The achievement of happiness, the quest for happiness, the search for happiness. The U.S. Declaration of Independence
Read more →In response to the ever-increasing number of taxpayers wanting online services, the IRS continues to develop online tools to interact with the taxpayers online, Commissioner John Koskinen said on April 2. Speaking at the National Press Club in Washington, D.C., Koskinen added that adequate funding is critical for
Read more →A divided House Ways and Means Committee approved six bipartisan tax bills on April 29. The tax incentive measures, popularly known as tax extenders because they often lapse and are restored by Congress, were taken from a comprehensive tax reform package introduced by Committee Chairman Dave Camp,
Read more →Did you know that nearly 80 million taxpayers use paid tax preparers, but 60% of those preparers are not regulated by the IRS? The reason for this is because the agency is only allowed to impose requirements on tax attorneys, enrolled agents, and Certified Public Accountants? The Government Accountability
Read more →Making the right connections and maintaining relationships is one of the key factors to success for Entrepreneurs. By effectively building a your professional network of colleagues, business associates, clients, potential clients, vendors, etc., you are ensuring that whenever you need a new client, a new job, to further develop
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