The IRS released its most recent State-to-State Migration Data which summarizes information gleaned from individual income tax returns. Trends indicate that taxpayers are migrating into states including Texas, Florida, Colorado, and South Carolina, whereas taxpayers...
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Month: August 2015
IRS Contacting Employers with Decreased Payroll Tax Deposits
In an effort to assist employers in understanding and meeting their payroll tax obligations, the IRS has initiated an Early Interaction Initiative in which the IRS will be alerted when an employer has a reduction in payroll tax deposits. Some employers will receive...
Tax Preparers Sentenced to Prison for Helping Clients Hide Millions
Once again, the Department of Justice has flexed its muscles and shown dishonest financial professionals that if they help clients hide assets offshore or create sham entities for clients to evade taxes, they will be prosecuted. The tax preparers in this case helped...
California Business Portal Launched by GO-Biz
Whether you are thinking about starting a business or you have already done so, the Governor's Office has established a new one-stop-shop website to assist business owners with important information they need regarding filing requirements, permits and licenses, and...
