On behalf of Law Office of Williams & Associates, P.C. | Nov 16, 2016 | IRS
The Internal Revenue Service Advisory Council (IRSAC) released its annual report today for 2016. Based on IRSAC’s findings and discussions in 2016, the council made recommendations on topics including: Evaluating the Effects of Penalties on Voluntary Compliance;...
On behalf of Law Office of Williams & Associates, P.C. | Nov 10, 2016 | BOE
The temporary statewide sales and use tax increase approved through California’s Proposition 30 expires on December 31, 2016. Effective January 1, 2017, the state sales and use tax rate in California will decrease by 0.25% to the new rate of 7.25%. The...
On behalf of Law Office of Williams & Associates, P.C. | Nov 9, 2016 | IRS
The Treasury Inspector General for Tax Administration (TIGTA) recently issued a report on the IRS’ strategy for addressing income produced through virtual currencies, such as bitcoin, litecoin, and dogecoin. Use of virtual currency has grown in recent years, due...
On behalf of Law Office of Williams & Associates, P.C. | Nov 8, 2016 | IRS
The IRS and its Security Summit partners finalized plans on November 3, 2016, to improve identity theft protections in 2017 after the significant success of its 2016 program (and in spite of a growing number of scams). In the first nine months of the current year,...
On behalf of Law Office of Williams & Associates, P.C. | Nov 7, 2016 | IRS
The Internal Revenue Service (IRS) has issued an urgent warning to tax professionals regarding yet another e-mail scam, this time involving a fake website related to the IRS’ e-Services accounts.The agency wrote:”The Internal Revenue Service today...
