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April 24, 2015

Proposed PFIC Rules Would Define “Active Conduct” of an Insurance Business

Proposed regulations would clarify the circumstances under which investment income earned by a foreign insurance company is derived in the active conduct of an insurance business […]
April 17, 2015

Millions of Taxpayer Phone Calls Went Unanswered by IRS This Tax Season

The number of taxpayer phone calls answered by the IRS dropped significantly during this tax season and call wait times were up. Source:: AICPA – Tax
April 14, 2015

IRS Grants Penalty Relief to Taxpayers Who Received Incorrect Health Care Forms

To ease the filing burden for taxpayers who received late or incorrect Forms 1095-A, the IRS announced that it will provide penalty relief for taxpayers. Source:: […]
April 13, 2015

Wife of Anti-Tax Author Sentenced to Prison

A taxpayer was sentenced to 18 months in prison followed by one year of supervised release after being convicted of criminal contempt for failing to file […]