Over 210 million business and individual tax returns are filed on an annual basis, and many of us make the kinds of mistakes which end up costing us additional taxes and IRS penalties. Most Americans fear an IRS audit nearly as much as they fear a potential root canal, and the fear of owing the […]
In Notice 2012-13, the IRS issued guidance to assist employers with obtaining the Work Opportunity Tax Credit when hiring unemployed veterans. This notice explains the changes to the WOTC program as a result of the VOW To Hire Heroes Act of 2011. The Act adds two new categories of qualified veterans to the WOTC, and […]
In Notice 2012-8, the IRS is proposing to expand how the IRS will consider abuse and financial control by the non-requesting spouse in determining whether the requesting spouse will qualify as an “Innocent Spouse.” The IRS seeks to use abuse or lack of financial control to mitigate other factors that might preclude the requesting spouse […]