Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone, or email to set up individuals, businesses, payroll and tax professionals. [Read more…]
New IRS Proposed Regulations Could Eliminate Valuation Discounts in Closely Held Family Entities
09/25/2016 Posted By
On August 2, 2016, The IRS released proposed regulations under Internal Revenue Code
Chapter 14 that would eliminate the application of discounts for minority interest and marketability for transfers between family members in closely held entities for gift, estate, and generation skipping transfer tax purposes ( IRC Sections 2701-2704). [Read more…]
Phone Scams & Fraud Continue to be Serious Threat For Taxpayers
01/22/2015 Posted By
WASHINGTON — Aggressive and threatening phone calls by criminals impersonating IRS agents remain near the top of the annual “Dirty Dozen” list of tax scams for the 2015 filing season, the Internal Revenue Service announced today. [Read more…]