Tax Advisory

The IRS has urged taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) to file a renewal application in time to have a renewed ITIN for the upcoming tax season and to avoid [...]

On January 20, 2017, Donald J. Trump will be sworn into office as the 45th President of the United States.  With a Republican House and Senate, we are likely to see changes in the way of tax [...]

Believe it or not, it’s time to start getting your thoughts and documents organized for the 2016 tax season. Here are some ideas from DKC Tax Manager Sarah Ta. Tip One: To reduce the pressure of [...]

WASHINGTON, D.C. (OCTOBER 7, 2016) BY MICHAEL COHN The Internal Revenue Service added new data elements last tax season to its computer system filters to catch suspected cases of identity [...]

Passage of the “Tax Extenders” undeniably provided one of the major headlines – and tax benefits – to come out of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), signed into law [...]

The Obama administration continued to take action to combat corporate inversions by issuing two sets of regulations that target inversions and earnings stripping. An inversion results in a U.S. [...]

As a lame duck Democratic president working with a Republican congress, the following proposals are not likely to pass.  However, here is what Obama proposed in his final budget. President Obama [...]

After years of routine temporary extensions, Congress has made permanent a number of previously temporary tax breaks for individuals and businesses as well as extending others. The Protecting [...]

The IRS has been warning taxpayers of various tax and IRS impersonation scams that have been popular recently. There have been several aggressive phone scams targeting taxpayers.  The caller [...]

After acknowledging earlier this year that hackers breached one of its popular online apps, the IRS has promised more identity theft protections in the 2016 filing season. The IRS, along with [...]