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Washington, D.C. (June 24, 2014) – The American Institute of CPAs (AICPA) has expressed strong concern that the Internal Revenue Service’s (IRS) proposed voluntary certification program for tax return preparers “would cause significant legal problems that may ultimately frustrate the IRS’s goals, confuse the public, and lead to litigation.” In a letter to IRS Commissioner […]
Federal tax law always seems to contain a few cliffs—i.e., rules under which a $1 increase in taxable income, for example, can cost a taxpayer as much as thousands of times that $1. Beginning in 2014, there is a new cliff that will hit middle income individuals who are close to being able to qualify […]
Dear Client: We continue to be thankful that you have used my firm for your past income tax services and are hopeful to continue our relationship. Many changes have occurred so I’ll get right to it. When you schedule your appointment this year you will hear a new voice. Our new administrative assistant is Lori […]
National Taxpayer Advocate (NTA) Nina Olson has issued her mid-year report to Congress. In it, she: a) makes the case that IRS is in crisis due to the fact that its mission has greatly expanded without a corresponding increase in funding; b) includes a special report on issues involving IRS’s exempt organization (EO) section; and […]
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