Did you know that the IRS has 59 Compliance Campaigns? Have your Audit Plan Ready!

October 2018

IRS Large Business and International (IRS LBI) currently has 59 Active Compliance Campaigns.  The purpose of the IRS compliance campaign strategy is to redefine large business compliance work and build a supportive infrastructure inside the LBI.  The campaigns require strategic

  • Foodman CPAs & Advisors

Your Tax Home and Travel Expense Deductions

August 2019

The Internal Revenue Code (IRC) permits a U.S. Taxpayer to deduct  “certain travel expenses” when traveling away from home on business.   Taxpayers ought to keep close attention to a travel expense deduction and ensure that it accurately correlates with a

  • Foodman CPAs & Advisors

IRS using Data Analytics to Uncover Criminal Arrangements

August 2019

IRS-Criminal Investigation (IRS-CI) is a federal agency department specifically authorized to investigate and  https://www.jdsupra.com/legalnews/irs-using-data-analytics-to-uncover-67780/

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When do you need an IRS Certifying Acceptance Agent?

August 2019

There are foreign national Individuals and other foreign Persons that do not have or do not qualify for a Social Security Number (SSN) but need a  https://www.jdsupra.com/legalnews/when-do-you-need-an-irs-certifying-16624/

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Does it make sense to go from an S-Corp to a C-Corp?

August 2019

IRS defines an S-Corp as a corporation whose shareholders make the election to pass corporate income, losses, deductions, and credits through to their shareholders for https://www.jdsupra.com/legalnews/does-it-make-sense-to-go-from-an-s-corp-45960/

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What is an Abusive Tax Trust?

August 2019

In a “legitimate” Trust, the ownership and control of the Trust assets and income is “separate” from a Settlor’s control and https://www.jdsupra.com/legalnews/what-is-an-abusive-tax-trust-56770/

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Understanding how Taxpayers may Appeal to the IRS Office of Appeals

July 2019

IRS has an Office of Appeals (OOA) that operates as an “independent” organization within the IRS. The goal of the OOA is to  https://www.jdsupra.com/legalnews/understanding-how-taxpayers-may-appeal-93524/

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Will the IRS Integrated Modernization Business Plan Work?

July 2019

On April 18, 2019, IRS released the IRS Integrated Modernization Business Plan April 2019(Plan) – a six year Plan designed to https://www.jdsupra.com/legalnews/will-the-irs-integrated-modernization-85379/

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Tax Scams put Taxpayers at Risk

July 2019

The IRS produces a yearly list of Tax Scams known as the Dirty Dozen that Taxpayers may  https://www.jdsupra.com/legalnews/tax-scams-put-taxpayers-at-risk-64501/

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Is There an Anti-Money Laundering (AML) Component to the Revision of the IRS EIN Process?

June 2019

An EIN is also known as a Federal Entity Tax Identification Number (EIN) and is used to  https://www.jdsupra.com/legalnews/is-there-an-anti-money-laundering-aml-92031/

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IRS can Prove that a Taxpayer Under-Reported Income

June 2019

There are Taxpayers that understate income, overstate expenses and present fraudulent claims on their https://www.jdsupra.com/legalnews/irs-can-prove-that-a-taxpayer-under-84163/

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Taxpayers can be Embarrassed when IRS Contacts a Third-Party

June 2019

Under Internal Revenue Code (IRC), Subtitle F – Income Taxes, Chapter 78 – Discovery of Liability and Enforcement of Title, Subchapter A – Examination and Inspection – Section 7602, the IRS has the authority to  https://www.jdsupra.com/legalnews/taxpayers-can-be-embarrassed-when-irs-91794/

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