A number of government officials have recently accused Real Estate Investment Trusts (REIT) in the healthcare and hospitality sector of violating tax rules and have…
Tax advisors are sometimes asked by a client for advice or assistance on what might sound like evasion of payment of taxes. What should CPAs…
Tax advisors are sometimes asked by a client for advice or assistance on what might sound like evasion of payment of taxes. What should CPAs…
Reassessing the Erroneous Refund Penalty
The IRS Flexes an Obscure Authority
Under IRC section 6676, the IRS has the authority to assess penalties against taxpayers for making erroneous claims for refund or credit. In a 2013…
Reassessing the Erroneous Refund Penalty
The IRS Flexes an Obscure Authority
Under IRC section 6676, the IRS has the authority to assess penalties against taxpayers for making erroneous claims for refund or credit. In a 2013…
When Money Costs Too Much
Section 8300 Filing Requirements and Penalties
The Internal Revenue Code and the Bank Secrecy Act (BSA) require that persons engaged in a trade or business file Form 8300, Report of Cash…
Although some are unaware of the fact, taxpayers can recover fees and costs from the government if the IRS has taken an unreasonable position against…
Passport Revocation and Denial for Seriously Delinquent Tax Debts
New IRS Procedures Signal More Stringent Enforcement
In January 2018, the IRS published procedures to begin enforcement of Internal Revenue Code (IRC) section 7345, which requires the State Department to deny the…
If it is not already on the schedule, CPAs should remember to talk to business clients about withholding on payments to nonresident aliens. A withholding…
At this panel, the group discussed how to deal with a lack of sufficient information from a client, including how to obtain or deduce that…
TPP | Filing Amended and Current Returns in Cases of Past Noncompliance
How Not to Make Matters Worse
When a CPA discovers a taxpayer's past noncompliance, there are both ethical and practical questions to answer. The last thing a CPA should want to…
TPP | Filing Amended and Current Returns in Cases of Past Noncompliance: How Not to Make Matters Worse
2016 Max Block Award Honorable Mention in the Area of Departments/Columns
When a CPA discovers a taxpayer's past noncompliance, there are both ethical and practical questions to answer. The last thing a CPA should want to…