On October 31, the U.S. Treasury Department modified its FSA “Use It or Lose It” provision to allow rollover of health FSA funds. This means that the risk of losing…
Recently, the industry has noticed a dramatic uptick in the amount of notices the Internal Revenue Service and the various state revenue agencies have mailed to taxpayers.
Statement on Standards for Attestation Engagements No. 16, otherwise known as SSAE 16, provides guidance for service auditors
From IRS.gov – The Internal Revenue Service today released its final report summarizing audit results from the IRS’ colleges and universities study, which began in 2008.
The American Tax Relief Act of 2012 extends for two years, through December 31, 2013, the provision allowing tax-free distributions from individual retirement accounts to public charities, by individuals age 70½ or older, up to a maximum of $100,000 per taxpayer per year.
The work plan contains the IRS’s plans to look more closely at unrelated business income and, especially, at tax-exempt organizations that report unrelated business activities on Form 990 but do not file a Form 990-T.
If you employ someone to work in or around your home, age 18 or older, and pay them wages of $1,800 or more in 2012, you may be a household employer.
In an effort to add further transparency to nonprofit organization reporting, the IRS added Part VI to the revised Form 990 in 2008.
Identity theft occurs when someone uses your personal identifying information, like your name, Social Security number, or credit card number, without your permission, to commit fraud or other crimes.
The birth or adoption of a child is a joyous occasion for a family. In addition to significant lifestyle changes there are also a significant number of tax implications. In this article we will provide you with some information that may assist you.