Taxpayer Advocate: Taxpayer Bill of Rights outlines protections for all taxpayers

The IRS notes that all taxpayers have rights when they interact with the IRS. These ten rights are the Taxpayer Bill of Rights, and they cover a wide range of topics and issues that directly affect taxpayers. These rights explain what taxpayers can expect in the event they need to work with the IRS on a … Continue reading Taxpayer Advocate: Taxpayer Bill of Rights outlines protections for all taxpayers

IRS releases draft 2019 Forms 1065, 1120-S, and Schedules K-1 (September 30, 2019)

The IRS issued a draft of the tax year 2019 Form 1065, U.S. Return of Partnership Income (PDF), and its Schedule K-1, Partner’s Share of Income, Deductions, Credits, etc (PDF). The changes to the form and schedule aim to improve the quality of the information reported by partnerships both to the IRS and the partners of such entities. For … Continue reading IRS releases draft 2019 Forms 1065, 1120-S, and Schedules K-1 (September 30, 2019)

HBR Hotlist.2019.09.30: Are you developing skills that won’t be automated?; How being a working parent changes as children grow up?; How to demonstrate your strategic thinking skills; and more

HOW TO DEMONSTRATE YOUR STRATEGIC THINKING SKILLS BY NINA A. BOWMAN DON’T BE SHY ABOUT BRINGING YOUR IDEAS TO THE TABLE. LEADERSHIP & MANAGING PEOPLE The Top 20 Business Transformations of the Last Decade By Scott D. Anthony, Alasdair Trotter, Evan I. Schwartz Netflix, Adobe, and Amazon top the list. EDUCATION Are You Developing Skills That Won’t Be Automated? By Stephen M. … Continue reading HBR Hotlist.2019.09.30: Are you developing skills that won’t be automated?; How being a working parent changes as children grow up?; How to demonstrate your strategic thinking skills; and more

Successfully Moving to a Zero or Low Tax State

By Mark Klein & Dan Kelly If you have ever moved, you know it’s not easy!  The same can be said about changing your domicile.  Tax Departments are aggressive and thorough in their pursuit of taxpayers who claim to move, and taxpayers who are not focused on the most important actions, primary factors, and who do not … Continue reading Successfully Moving to a Zero or Low Tax State

IRS releases new Tax Gap estimates; compliance rates remain substantially unchanged from prior study

The Internal Revenue Service today released a new set of tax gap estimates on tax years 2011, 2012 and 2013. The results show the nation's tax compliance rate is substantially unchanged from prior years. The gross tax gap is the difference between true tax liability for a given period and the amount of tax that … Continue reading IRS releases new Tax Gap estimates; compliance rates remain substantially unchanged from prior study