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AICPA Recommends Changes in IRS Offshore Voluntary Disclosure Program | by MICHAEL COHN | | The American Institute of CPAs recommended the Treasury Department and the Internal Revenue Service make a number of changes to improve the Offshore Voluntary Disclosure Program and the Streamlined Filing Compliance Procedures that allow U.S. taxpayers to voluntarily disclose previously unreported offshore assets and comply with U... READ MORE » |
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Who's on your 'ABS' (After Busy Season) call list? | by ART KUESEL | | This time of year it’s hard to be proactive with your clients. With deadlines looming, you are pushed into “critical needs” mode. However, because you are interacting with so many clients and pouring over details of their financial and business situation, the opportunities for being proactive are virtually endless... READ MORE » |
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IRS to Fix Controls over Obamacare Tax Credits | by MICHAEL COHN | | The Internal Revenue Service plans to strengthen its controls over the accounting for the Premium Tax Credit, which helps subsidize health insurance premiums under the Affordable Care Act, after a government watchdog found discrepancies of $447 million. READ MORE » |
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