Under new legislation (Fixing America’s Surface Transportation Act, or “FAST Act”) passed by President Obama in late 2015, the government may revoke the passport of certain American tax payers with unpaid federal taxes exceeding $50,000. If you an outstanding tax bill or anticipate owing more than $50,000, contact us for a consultation with of our…
Journal Of Accountancy The IRS on Wednesday announced a new policy regarding how it will request emails from internet service providers (ISPs) (IRS Policy Statement 4-120). Under the new policy, the IRS will obtain a search warrant “in all cases when seeking … the content of email communications stored by the ISP.” Source: Journal Of…
Why you shouldn’t miss October 15 Penalties and interest charges are assessed against taxpayers who file late or not at all. Your extension was granted as extra time to file your tax return, but not extra time to pay the balance due. There are two penalties: Failure to File and Failure to Pay. Contact Us If you…
