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Knock, Knock. Who’s there? Tips for determining if it’s really the IRS at your door.

A man walks through the front door of your business claiming he is an IRS agent and demanding that you pay immediately for an overdue tax bill. Your breathing

Exempt Organizations: Do We File Schedule B or Not?

As the 2019 tax filing season commences, preparers and payers alike are still getting a handle on the latest particulars related to tax reform and other

Are You Ready for Your Big Game?

Wait, what Super Bowl? Didn’t chances for our Super Bowl end sometime in the second quarter of Week Two? Well, while that may have been arguably

Guidance Provided for Organizations Claiming Credit for UBIT Paid on Repealed Tax

On December 20, H.R. 1865 - Further Consolidated Appropriations Act, 2020 was signed into law, retroactively repealing Code §512(a)(7) of the Internal

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Tax
Sean Griffin | 1.28.2020

IRS Open for Business

New year, new decade, new tax season. Opening day for 2020 filing was Monday, January 27, two calendar days earlier than last year. Individual taxpayers

Fraud Detection Filters Causing Delays in Some IRS Refunds

The IRS continues to place premium importance on the prevention of identity theft and non-identify theft refund fraud, but its implementation of process
Audit, Tax
James Sayre | 1.24.2020

Simplification of Accounting for Income Taxes – ASU 2019-12

The Financial Accounting Standards Board (FASB) issued ASU 2019-12 on December 18, 2019 based on recommended changes by stakeholders as part of the FASB’s

Propane and Compressed Natural Gas Tax Credits Reinstated – Refund Claims Can Be Filed Beginning on February 14, 2020

The IRS has provided helpful guidance on requesting refunds for the 2018 and 2019 years for the Alternative Fuel Credit (more commonly known as Propane

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Tax-Exempt Organizations Receiving an Increased Number of IRS Notices

Within the past month, we’ve seen a significant number of tax-exempt organizations receive notices from the IRS for a multitude of reasons, many

“Parking Tax” Repealed, But Still No Guidance on How to Claim Refunds

On December 20, 2019, the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (Act) repealed Internal Revenue Code Section 512(a)(7). Implemented as

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