Deadline for reporting foreign accounts The deadline for filing the annual Report of Foreign Bank and Financial Accounts (FBAR) is the same as for a federal income tax return. This means that the 2017 FBAR, Form 114, must be filed
Taxing Foreign Partners
After reading this article this morning, we as tax professionals really have to be on top of the new rulings that come out. In this article the law had the ability to realize that the company did not owe simply
IRS.gov is getting a new look soon!
Hello Our Fellow Tax Pro’s! This article was released letting us know that there is going to be a new look coming to the IRS.gov website soon. It is suppose to be more user friendly for individuals to find transcripts
McConnell’s bipartisan health-care bill could abandon tax cuts
Senate Majority Leader Mitch McConnell is taking a risk by calling for a bipartisan health-care plan if the Republican-only bill fails: While his comments may encourage conservatives to fall in line with his approach, party moderates may be emboldened to
What accountants and tax pros need to know about the Gramm-Leach-Bliley Act
Over the last 18 months or so, bad actors have shifted their attention from performing tax refund identity theft against single consumers to what they deem as a more lucrative, data-rich opportunity: our profession. Cyber-attacks aimed at accounting and tax