During September’s National Small Business Week—an annual celebration of small-business entrepreneurs—the Internal Revenue Service (IRS) reminded small business owners, inter alia, of their obligation to correctly classify workers either as employees or independent contractors. See here. Significantly, the IRS also prompted small business owners to be aware of its Voluntary
The IRS Security Summit, a working group of the IRS, state tax agencies, and the national software industry and tax community, are urging taxpayers and tax professionals to be aware of the dangers posed by online scams and to take necessary steps to combat attacks, enhance computer security systems, and
The Internal Revenue Service (IRS) Security Summit is hosting its annual summer campaign “Protect Your Clients; Protect Yourself” to encourage stronger security among tax preparers. This year’s theme is entitled “Boost Security Immunity: Fighting Against Identity Theft” and focuses on the risk of data and identity theft in light of
Robert M. Russell was quoted in a Tax Notes article entitled “Transition Tax Campaign’s Focus on E&P Concerns Practitioners,” published on December 3, 2020. Russell observes that return preparers were concerned about the starting point of determining E&P, given that taxpayers may not possess the best records for past years.
By Bryan C. Skarlatos and Stephen A. Josey Journal of Tax Practice and Procedure October – November 2019 Edition Tax law is famously complex – a constantly shifting maze of statutes, regulations, IRS publications, and case law. As such, the process of filing tax returns can be an arduous task for the hundreds