National Taxpayer Advocate (NTA) Nina E. Olson on January 10 released the NTA 2016 Annual Report to Congress. In the report, Olson recommended that the IRS revamp its “Future State” plan in order to adopt a taxpayer-centric focus and urged Congress to emphasize simplification when it considers
Read more →House Ways and Means Committee Chairman Dave Camp, R-Mich., unveiled his long-awaited comprehensive tax reform package on February 26 to mixed reaction. Camp’s proposed Tax Reform Bill of 2014 would reduce the number of individual tax brackets, cut the corporate tax rate, simplify, repeal or curtail many popular
Read more →The energy is in the air….2014 is the year of prosperity for Entrepreneurs! If you have a business or have been thinking about starting your own business this is the year to make it happen. Don’t wait one minute longer!! Take the next step and make the change
Read more →As we begin the New Year, there are three priority areas that are critical to monitor and keep abreast of: The Affordable Care Act; the Defense of Marriage Act; and IRS activity. While these are areas of interest that many businesses are already familiar with, 2014 is expected
Read more →“The Internal Revenue Service (IRS) has spent millions of dollars getting ready for FATCA and is still not prepared for the new law that goes into effect this July,” says the Treasury Inspector General for Tax Administration. Does this shock you? FATCA (Foreign Account Tax Compliance Act)
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