New IRS Publication Aimed at Explaining the Affordable Care Act
The IRS recently released Publication 5187 in order to provide taxpayers with an additional resource regarding the new health care laws for 2014. The 21-page document effectively presents the different nuances that will be required for the coming tax years. If you are looking for an overview or refresher regarding the Affordable Car Act, I would […]
Another Scam Making Its Rounds
A few months ago I warned all of my clients about the increased number of phishing scams aimed at defrauding taxpayers. Recently, there has been a new string of fraudulent activities occurring, but this time, scammers are preying on companies. Employees, typically controllers or treasurers, have been receiving emails requesting them to authorize a wire […]
IRS Budget Cuts Add to Challenging Tax Season
President Obama signed the spending law that allocated $10.9 billion to the IRS for the fiscal year ending September 30, 2015. This may seem like a staggering figure, but it is actually 3% less than what the IRS received in 2014 and 12% lower than the requested budget. The IRS has already said the agency […]