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Saturday, June 4, 2016

June 2Employers. Semi-weekly depositors must deposit employment taxes for May 25–27. June 3Employers. Semi-weekly depositors must deposit employment taxes for May 28–31. June 8Employers. Semi-weekly depositors must deposit...

 

Saturday, June 4, 2016

Yes …but only if it is a medical necessity. The IRS has ruled that uncompensated amounts paid to participate in a weight-loss program as treatment for a specific disease or diseases (including obesity) diagnosed by a physician...

 

Saturday, June 4, 2016

To claim the EITC, a taxpayer must satisfy two tests with respect to earned income. First, the taxpayer must have some earned income. Additionally, the taxpayer’s earned income must fall within certain ranges as the credit is...

 

Saturday, June 4, 2016

The IRS is gearing up to outsource some taxpayer collection accounts to private collection agencies. Legislation passed in 2015 directed the IRS to resume working with private collection agencies. The revived program is expected to...

 

Saturday, June 4, 2016

The IRS is set to launch its new voluntary certification program for professional employer organizations (PEOs), also known as employee leasing organizations, on July 1, 2016. A recently-released guidance package describes how PEOs can...

 

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Saturday, June 4, 2016

Responding to growing concerns over the scope of tax-related identity theft, the House has approved legislation to give victims more information about the crime. The House also took up a bill expanding disclosure of taxpayer...