by AT | Jan 16, 2021 | Business Clients - Updates in Canada, Business Clients - Updates in US, Personal Clients - Updates in Canada, Personal Clients - Updates in US
As taxpayers get ready to file their 2021 taxes, they may be thinking about hiring a tax preparer. People should choose a tax preparer wisely. This is important because taxpayers are responsible for all the information on their return, no matter who prepares...
by AT | Jan 15, 2021 | Business Clients - Updates in US, Personal Clients - Updates in US
A federal grand jury in the District of Puerto Rico returned an indictment charging Gabriel F. Hernández, with ten counts of wire fraud. According to allegations in the indictment, Hernández, a CPA who served as the tax manager and partner-in-charge of the tax...
by AT | Jan 8, 2021 | Business Clients - Updates in US, Personal Clients - Updates in US
There can be confusion about which income groups are more likely to be audited. In the latest edition of the new IRS “A Closer Look,” Deputy Commissioner for Services and Enforcement Sunita Lough explains how audit rates increase as taxpayer income rises. Source:...
by AT | Jan 7, 2021 | Business Clients - Updates in US, Personal Clients - Updates in US
There are many payment options for people having trouble paying their tax bill. Payment plans can be set up quickly online. Once returns are filed or an assessment occurs, there are various online payment options available at IRS.gov, including direct pay through a...
by AT | Dec 18, 2020 | Business Clients - Updates in US, Personal Clients - Updates in US
The Internal Revenue Service today announced a number of changes designed to help struggling taxpayers impacted by COVID-19 more easily settle their tax debts with the IRS. The IRS assessed its collection activities to see how it could apply relief for taxpayers who...
by AT | Dec 17, 2020 | Business Clients - Updates in US, Personal Clients - Updates in US
The IRS grouped all of the rights taxpayers have under the law into the Taxpayer Bill of Rights. Included in the list is the right to retain representation. Here’s what the right to retain representation means to taxpayers: Taxpayers have the right to retain an...
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