At long last, the much-publicized health insurance mandate for individuals went into effect on January 1. Now, less than a month later, the IRS has issued new proposed regulations governing the penalties for noncompliance.
Monica Nanette Hernandez, a former IRS data clerk, pleaded guilty on January 21 to one count of aggravated identity theft, one count of filing false income tax returns, and one count of wire fraud. She will be sentenced on April 14.
Federal film credits are not new, but they are becoming big business in more ways than one. Approximately forty states receive federal film credits they can use to entice moviemakers to make motion pictures within their borders.
Consider an S corporation with a shareholder who owns 2 percent or more of the company. We know if the company pays for their health insurance, that needs to be added to their wages, right? But what about when the owners are covered by their workers’ compensation insurance policies?
Think you’ve got tax problems? Compared to the residents of Downton Abbey, you ain’t seen nuthin'. Just in time for this year’s US tax season, we’re treated to a fictional tax problem in the United Kingdom that may make yours pale in comparison.
Billionaire H. Ty Warner, the sixty-nine-year-old founder of the Beanie Baby franchise, could have been sent to federal prison for five years for tax evasion. Instead, a US district court judge in Chicago treated the toy magnate with kid gloves.
The head of the union representing IRS employees said on January 14 that the $1.1 trillion omnibus spending bill House and Senate negotiators unveiled Monday night for the balance of fiscal year 2014 does not do enough to help the underfunded IRS.
Steven Miller, the former acting commissioner of the IRS who resigned from his post last year after the agency admitted it had improperly scrutinized the federal tax-exempt status of certain conservative groups, has landed at Houston-based alliantgroup as its national director of tax.
In an effort to shut down backroom deal-making and increase accountability, two senators introduced a bipartisan bill on January 8 that would force federal enforcement agencies to increase transparency around settlements reached with companies that break the law.
Following up on the success of his popular High Impact Excel session, this time around David H. Ringstrom, CPA turns his attention to pivot tables. In one hour you'll learn how to whip unwieldy data into shape, and then quickly build meaningful reports by dragging and dropping with your mouse. David will also discuss techniques for improving pivot table data integrity. Detailed handouts with numbered steps will be provided for a variety of Excel versions.