The Internal Revenue Service (IRS) Large Business and International division (LB&I) has announced six additional compliance campaigns for taxpayers. A compliance campaign is a targeted directive on
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Uber Settles With Drivers Over Independent Contractor Claims Before IPO
After arguing for years that its drivers were not employees, the ride-share company Uber announced last week that it had settled with tens of thousands
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IRS Issues Guidance On Business Deductions For Meals & Entertainment
The IRS has issued transitional guidance on business meals and entertainment under the Tax Cuts and Jobs Act (TCJA).
Read More2018 Reimbursements For 2017 Moving Expenses Can Be Tax-Free
The Internal Revenue Service (IRS) has offered guidance for taxpayers who moved in 2017, but expenses weren’t reimbursed or paid until 2018.
Read MoreNew Tax Law Complicates Business Travel
As part of the Tax Cuts and Jobs Act, there have been changes to the deductibility of business-related meals and entertainment expenses. Here’s what you need to know.
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Facebook Loses Bid To Move Tax Case To Appeals
A California judge dealt a blow to Facebook this week in its ongoing battle with the Internal Revenue Service (IRS), ruling that the social media giant does not have a right to move the matter to appeals.
Read MoreIRS Grants Extra Time To File Following Winter Storms
The IRS is providing limited tax relief to victims and tax professionals affected by last week’s storm that primarily hit portions of the Northeast and Mid-Atlantic.
Read MoreApple Will Bring Cash Back To US, Pay $38 Billion In Repatriation Tax
Apple, already the largest U.S. taxpayer, says that it anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made.
Read MoreTo Incorporate Or Not To Incorporate: Your Options After Tax Reform
Most provisions of the new tax reform act kicked in beginning January 1, 2018. Taxpayers and tax professionals alike have been mulling what the provisions of the new law might mean – and how to be best get around them. Tops in the minds of many taxpayers: Should I incorporate now to save on taxes?
Read MorePopular Fashion Line LuLaRoe Sued Over Sales Tax Charges
Fashion company LuLaRoe has been hit with a federal lawsuit related to the collection of sales tax.
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