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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 California...
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 in...
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,...
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 issued an...
The Department of Justice unsealed an indictment today charging 61 individuals and entities for their alleged involvement in a call center scam that has victimized tens of thousands of U.S. citizens and resulted in losses totaling in the hundreds of millions of...
The Treasury Inspector General for Tax Administration (TIGTA) recently released a report that found nearly $9 billion in backup withholding tax was not withheld for 2013 information returns with missing or incorrect taxpayer identification numbers. The IRS should have...
Seven years, 100,000 taxpayers and over $10 billion in taxes, interest, and penalties paid, and the IRS' offshore voluntary compliance efforts are still going strong.The IRS released data this week regarding the success of the various programs offered to taxpayers who...
The Internal Revenue Service (IRS) announced today that it will delay the date on which e-Services users will be required to re-register and validate their identities (previously discussed here). There is no new implementation date set. The IRS will need more time to...
If your company contracts with the Department of Defense, General Services Administration, or the National Aeronautics and Space Administration (NASA), you have one more reason to be compliant with your federal tax obligations: Effective September 30, 2016, these...
A self-employed chiropractor based in Hayward, California, was found liable for penalties for failure to file tax returns for eight years with the intent to conceal, mislead, or otherwise prevent the collection of tax. The original IRS investigation of Dr. Ramon...
