by Harry | Jun 23, 2016 | News & Tips
According to a publicly released audit report by the Treasury Inspector General for Tax Administration (TIGTA), the Internal Revenue Service (IRS) needs to improve its efforts to address the noncompliance of taxpayers who are denied access to or withdrawn from its...
by Harry | Jun 20, 2016 | News & Tips
The Internal Revenue Service (IRS) has released a warning to consumers regarding fake charity scams related to last week’s mass shooting in Orlando, Florida. In the statement, the IRS recommends consumers to pursue well-known charitable groups. IRS advises donors to...
by Harry | Jun 15, 2016 | News & Tips
On Tuesday, June 14, the House voted to ban the Internal Revenue Service (IRS) from requiring nonprofit organizations to list their donors on tax returns. This decision was made after the IRS failed to keep the information confidential on numerous occasions. “This...
by Harry | Jun 8, 2016 | News & Tips
Are gifts taxable income? According to the IRS, a gift is defined as “any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money’s worth) is not received in return.” Gifts from family or friends are not...
by Harry | Jun 7, 2016 | News & Tips
Over three years after targeting tea party groups for critical observation, the Internal Revenue Service (IRS) has released a list of organizations that will face additional investigation. The IRS revealed names of over 420 organizations after being pressured by...
