Tax Advisory

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 [...]

The IRS has issued proposed regulations under Code Sec. 2801 to implement a new tax on transfers of property from individuals who abandon U.S. citizenship or residency (a “covered [...]

The IRS has responded to criticism from the Treasury Inspector General for Tax Administration and the National Taxpayer Advocate, among others, that the resolution of identity theft accounts [...]

The IRS has announced that the 2016 filing deadline will shift from April 15 to April 18 because of a holiday celebrated in the District of Columbia (Emancipation Day). Taxpayers in Maine and [...]