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AICPA Recommends Changes in Estate Tax Basis Rules

The American Institute of CPAs has sent comments to the Internal Revenue Service and the Treasury Department on proposed regulations for estate tax basis reporting. The proposed regulations implement changes to section 1014 of the Internal Revenue Code mandated by Congress last year under the Surface Transportation and Veterans Health Care Choice Improvement Act to

Posted on June 6, 2016


IRS Warns of New Scam Involving Bogus Student Tax

The Internal Revenue Service issued a new warning Friday to taxpayers about bogus phone calls from IRS impersonators demanding payment for a non-existent tax that they call the “federal student tax.” Even though the tax deadline has come and gone, the IRS noted that scammers continue to use varied strategies to trick people, in this

Posted on May 31, 2016