IRS

The IRS proposes a new face-lift for Individual Tax Form 1040 The IRS Form 1040 has been given a face-lift and will be condensed to a postcard-sized form. The goal is to standardize and simplify the 1040 so all 150 million taxpayers will be using the same form; and eliminate Forms 1040, 1040A, and 1040EZ. 

IRS Addresses Prohibited Transactions In ROBS Transactions In recent years, the Internal Revenue Service has been closely examining transactions in which taxpayers use tax-deferred retirement funds to fund business start-ups.  These transactions are ominously referred to as Roll Over Business Startup (ROBS) transactions by the IRS.  These transactions have been aggressively marketed by promoters as

The Feds Play Batman: IRS Criminal Investigations Releases Their 2012 Annual Business Report In an era of increasing federal and state taxation, an increasing number of business taxpayers are tempted to minimize their taxes by intentionally underreporting their revenues and profits.  These business owners often assume that if the IRS discovers their schemes, they will