The Internal Revenue Service, state tax agencies and the tax industry today reminded tax professionals that their entire digital network could be at risk for remote takeover by cybercriminals. Such a takeover could lead to... Continue Reading
The Internal Revenue Service issued a warning that tax-related scams continue across the nation even though the tax filing season has ended for most taxpayers. People should remain on alert to new and emerging schemes... Continue Reading
An estate owning realty must file Form 4422 (Application for Certificate Discharging Property Subject to Estate Tax Lien) with the IRS if it wishes to transfer real property before filing a federal estate tax... Continue Reading
What Triggers An Audit? While you can’t fully protect your tax return from every examination, you should be mindful of some key tax issues when preparing your return. Of course, some things are simply obvious audit triggers... Continue Reading
Five months before debtor filed Chapter 7 bankruptcy petition, debtor’s stepmother died, leaving an IRA naming debtor as beneficiary. Because the inherited IRA was a qualifying trust, it should not have been included in the... Continue Reading