
In the News
S-Corp: IRS Ramps Up
Whenever the term “voluntary” is used when discussing taxes, the tendency is for the audience to bust out laughing. Okay, sure, but it’s a real concept that used to be the heart of our tax system. Rather than send tax collectors door-to-door to make collections, our system relied on taxpayers calculating their own liability and then sending in the appropriate amount….
Justice Department Charges Ex-IRS Consultant With Leaking Tax Information to News Organizations
A DOJ statement appears to refer to IRS data that ProPublica has used to publish multiple stories on thousands of wealthy Americans. ProPublica maintains it does not know the source of the information.
American Bar Association: The Corporate Transparency Act – Preparing for the Federal Database of Beneficial Ownership Information
The Corporate Transparency Act is intended to provide law enforcement with beneficial ownership information for the purpose of detecting, preventing and punishing terrorism, money laundering and other misconduct through business entities.