On behalf of Law Office of Williams & Associates, P.C. | Aug 30, 2013 | IRS
The IRS has issued proposed regulations to raise the user fees for installment agreements and offers in compromise on January 1, 2014. For more information, click here.
On behalf of Law Office of Williams & Associates, P.C. | Aug 29, 2013 | IRS
On August 29, 2013, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for all federal tax purposes. The ruling applies...
On behalf of Law Office of Williams & Associates, P.C. | Aug 28, 2013 | International Tax Law, IRS
The Internal Revenue Service has opened a new online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act (FATCA).Financial institutions that must register with the IRS to meet their FATCA...
On behalf of Law Office of Williams & Associates, P.C. | Aug 27, 2013 | IRS
For Truckers and other owners of heavy highway vehicles, the next federal highway use tax return is due on Tuesday, September 3, 2013. This due date generally applies to Form 2290 and the accompanying tax payment for the tax year that begins on July 1, 2013, and ends...
On behalf of Law Office of Williams & Associates, P.C. | Aug 26, 2013 | Back Taxes Or Tax Debt
Five years ago, the state of California offered small business owners tax breaks if they opened specific types of businesses. In Dec. 2012, the tax breaks were ruled unconstitutional by a court. As a result, the small businesses that once benefited from the tax breaks...
On behalf of Law Office of Williams & Associates, P.C. | Aug 23, 2013 | Audits
California taxpayers may be interested to know that the Treasury Inspector General for Tax Administration (TIGTA) recently released its annual report on whether the IRS is in compliance with Section 6501(c)(4)(B) of the Tax Code. The IRS is supposed to give taxpayers...
On behalf of Law Office of Williams & Associates, P.C. | Aug 22, 2013 | IRS
The IRS is contacting small businesses based on a determination that close to $450 billion of taxes goes uncollected and approximately $140,000 billion of that amount is owed by small businesses. By identifying small businesses with high credit card sales, the IRS is...
On behalf of Law Office of Williams & Associates, P.C. | Aug 20, 2013 | IRS
The number of individuals with special needs is on the rise. Whether this is due to better recognition and diagnostic tools or an actual escalation in disabilities, the increase is taking its toll on state and local government program budgets. Such shortfalls require...
On behalf of Law Office of Williams & Associates, P.C. | Aug 19, 2013 | Back Taxes Or Tax Debt, International Tax Law, IRS, Tax Controversy, Tax Crimes
On Friday, August 16, 2013, the US Attorney’s Office for the Southern District of New York announced that Swiss lawyer Edgar Paltzer pled guilty to conspiring with U.S. taxpayers and other to evade federal income taxes and file false tax returns. Mr. Paltzer...
On behalf of Law Office of Williams & Associates, P.C. | Aug 19, 2013 | IRS
The IRS offers a free online interactive program entitled “Understanding Taxes.” Designed in partnership with teachers for use in middle school, high school, or community college classrooms, the program can be used by anyone to learn about the history,...
