Posts from: Tax News
IRS eyes payroll tax avoidance tactics via S corporations
Payroll tax collection continues to vex the Internal Revenue Service despite several court cases that have resulted in rulings favorable for the IRS regarding unreasonably low compensation. A recent high profile case was David E. Watson, P.C. v. United... (more...)
IRS finds widespread noncompliance by colleges and universities
The IRS published its final report concerning its Colleges and Universities Compliance Project, finding compliance issues related to unrelated business taxable income (UBTI) and compensation practices. The IRS conducted the study to find out why colleges... (more...)
Former H&R Block Manager Sentenced to Year in Prison for Identity Theft
Dubose, the former manager of an H&R Block outlet, pleaded guilty in March to one count of wire fraud and one count of filing false claims with the Internal Revenue Service. The court sentenced him to 12 months and one day on each count of the conviction,... (more...)
IRS offers new method for home office deductions
Working at home has come a long way from the days when employers were most concerned that they would not get their money’s worth if they allowed employees to do so. Instant communication, improved internet access, and more stable virtual network connections... (more...)
Temporary jobs becoming a permanent fixture
Hiring is exploding in the one corner of the U.S. economy where few want to be hired: temporary work. From Wal-Mart to General Motors to PepsiCo, companies are increasingly turning to temps and to a much larger universe of freelancers, contract workers... (more...)