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2020-2021 Special Per Diem Rates

The IRS recently released Notice 2020-71, detailing the new special per diem rates taxpayers use to substantiate necessary business expenses while traveling

Notices for Nonpayment of Income Taxes

Did you have federal income tax due on July 15, 2020? Did you pay the income tax on July 15, 2020? Did you receive a notice from the Internal Revenue Service
When I was first contacted by Schneider Downs about an interview for an internship opportunity I was eager and excited because I had always wanted to intern

IRS Announces Transition Tax Added to Examination Target List

In 2017, the IRS identified and announced 13 campaigns meant to build out a more supportive infrastructure for international reporting and compliance,

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IRS Audit Campaign: Examinations to begin on Hundreds of High-Wealth Individuals

The Internal Revenue Service (IRS) announced in June a renewed focus on auditing high net-worth individuals and their related entities. First, there is

The Supreme Court and Affordable Care Act Constitutionality - Protecting Your Ability to Recover Prior Year Federal Taxes

The U.S. Supreme Court has agreed to hear a case regarding the constitutionality of the Affordable Care Act (ACA). Without going into all the details,

Additional Guidance and Relief for Opportunity Zones from the IRS

As the country begins to (somewhat) return to normal, real estate investors involved in both qualified opportunity funds (QOFs) and qualified opportunity

COVID-19 Flexibility for Section 125 Cafeteria Plans and High-Deductible Health Plans

Through the COVID-19 pandemic, America has seen changes to some retirement and health plan benefit provisions, since the Internal Revenue Service (IRS)

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Final Regulations Clarify Exempt Organization Filing Requirements

After waiting nearly eight months, exempt organizations finally have clarity on the reporting requirements of Form 990, Schedule B, Schedule of Contributors.

IRS EXTENDS DEADLINES FOR SELECT RETIREMENT PLANS

With all the attention focused on the stimulus bill, paid leave, and sick leave by Congress, it’s easy to overlook the IRS’s role in assisting

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