by GruffyGoat Team | Jun 24, 2013 | Uncategorized
The recently-exposed IRS campaign aimed at targeting conservative groups seeking tax exempt status has produced quite a bit of misinformation. The Washington Post recently published an article on their website dedicated to sifting through some of the common...
by GruffyGoat Team | Jun 19, 2013 | Uncategorized
In December 2012 the IRS issued a set of proposed regulations that will govern how the new net investment income tax is implemented. The American Institute of CPAs covered these new regulations and the possible effects on tax liability in a recent article. In our...
by GruffyGoat Team | Jun 17, 2013 | Uncategorized
The new net investment income tax went into effect on Jan 1, 2013. In December 2012 the IRS issued a set of proposed regulations that will govern how this new tax is implemented. The tax places a 3.8% tax on the lower of either the net investment income or the amount...
by GruffyGoat Team | Jun 13, 2013 | Uncategorized
We shared in a previous post that the IRS has been operating with fewer resources, and as the budget cuts as a result of the sequester take effect, those resources will be dwindling further. Two recently-published articles point out that the reduction in resources are...
by GruffyGoat Team | Jun 12, 2013 | Uncategorized
The IRS has begun rolling out more sophisticated tracking tools in an effort to make it harder to avoid paying taxes. Currently the IRS screens millions of taxpayers online accounts and matches them with digital information from other sources. However, the robo-audits...
