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Latest Blog Posts

Offshore Settlement Deadline Looms as Aug. 31 Draws Near

Posted on: August 9th, 2011
IRS has warned U.S. taxpayers hiding income in undisclosed offshore accounts that they are running out of time to take advantage of the soon-to-expire 2011 Offshore Voluntary Disclosure Initiative (OVDI), which will expire on Aug. 31, 2011. ...

IRS Warns Employers about Bogus EFTPS E-mail Scam

Posted on: July 22nd, 2011
The IRS is advising employers to be aware of a bogus e-mail scam...

Retention of Tax Records

Posted on: July 16th, 2011
How long should I retain personal income tax records? This is a question that I hear again and again....

IRS Gives Certain Individuals Extra Time to File FBARs for Pre-2010 Years

Posted on: June 20th, 2011
In a Notice, IRS has extended the deadline for persons who have signature authority over, but no financial interest in...

IRS has no Current Plans to Increase Standard Mileage Rates

Posted on: May 13th, 2011
The IRS stated during the May 12 payroll industry conference call that it has no current plans to increase the standard mileage rate of 51 cents per mile for business miles driven...


Posted on: May 5th, 2011
The 2010 individual tax return due date of April 18, 2011 has now come and gone and many taxpayers are still on the sidelines....
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