The Treasury Inspector General for Tax Administration cautioned taxpayers to stay on “high alert” next tax season so they don’t fall prey to criminals who pretend to be employees of the Internal Revenue Service and the Treasury Department.
President Trump boasted about his tax knowledge during an impromptu interview with The New York Times in which he claimed to know taxes “better than the greatest CPA.”
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Goldman Sachs Group Inc. said the U.S. tax reform will cut profit this year by about $5 billion, mainly because of a tax targeting earnings held abroad.
The Internal Revenue Service said it is working on developing withholding guidance to implement the tax reform bill signed into law on December 22.
The Internal Revenue Service has issued a revenue ruling clarifying the tax treatment of a package of films on a TV channel in terms of the domestic production activities deduction.
Southern California accounting firm White, Zuckerman, Warsavsky, Luna & Hunt has filed documents in court against Mel Gibson’s former girlfriend, Oksana Grigorieva, seeking payment on an unpaid bill of $108,887 for forensic accounting services after the firm helped her win an increase in child support payments from the actor-director.
New partners in Indiana; up-and-comers in Connecticut; and other news from across the profession.
Local jurisdictions in high-tax states are grappling with changes from the tax reform act.
Now for the clients; ‘the crimes were serious’; the jailed and the dead; and other highlights of recent tax cases.