As a business owner, safeguarding client information isn’t just good practice—it’s a legal requirement. The IRS has recently introduced a Written Information Security Plan (WISP) tailored to help tax professionals
Starting January 1, 2025, the IRS is implementing new interest rates for tax overpayments and underpayments. These quarterly adjustments, based on the federal short-term rate, are critical for business owners
As a business owner, managing taxes can be complex, but it’s crucial to stay compliant. Recent cases, like the guilty plea of a telecommunications company and its CEO for defrauding
Two Ukrainian nationals recently faced a federal grand jury in Miami, following their extradition from Thailand, for charges related to labor-staffing companies they operated in Florida. The men, Oleg Oliynyk
The IRS Pathways Student Intern Program presents a valuable opportunity for students interested in a career with the IRS Criminal Investigation (CI) Division. This paid internship program offers hands-on experience
The October 15th deadline for tax extension filers is approaching quickly, and now is the time for business owners and individual taxpayers to gather all necessary tax documents. Filing your
When it comes to charitable giving, the IRS provides guidelines that ensure donors can take full advantage of tax deductions, while also keeping everything above board. Understanding these rules is
Investing in rental properties can be a lucrative endeavor, but it’s crucial for business owners to understand the tax implications that come with it. Whether you’re purchasing your first rental
A recent case involving a Rochester businessman pleading guilty to a tax charge has highlighted the serious consequences of failing to meet tax obligations. This case serves as a cautionary
Owning and leasing an aircraft can be an effective way to offset the high costs of ownership. However, as beneficial as this strategy might seem, it’s not without its challenges—particularly