Tax professionals and taxpayers need to be on high alert concerning a recurring scam involving fake CP2000 notices that are being mailed (via U.S Post Office) to taxpayers under the guise that taxes related to the Affordable Care Act are due. This scam is significant because, by using the U.S.
Amazon Seller Sales & Income Tax Nexus: Voluntary Disclosure Initiative Fulfillment by Amazon (FBA) is a service under which sellers list their products with Amazon and Amazon holds their inventory at one of its warehouses before shipping the products to purchasers. Sellers who do not have any other presence in
On June 30, 2017, Ohio Governor John Kasich signed into law Ohio Am. Sub. H.B. 49 2018-2019 Budget Bill. The Bill contains a number of Ohio tax law changes that taxpayers and tax preparers need to be aware of. Some notable changes include: File Local Returns through the Ohio Business
On May 4, 2017, the House of Representatives passed the American Health Care Act (AHCA) by a vote of 217 to 213. The AHCA represents the Republican plan to repeal and replace the Affordable Care Act (ACA, or Obamacare). The Bill now travels to the Senate, which is expected to
On April 26, 2017, President Donald J. Trump and his Administration unveiled their proposed changes to the tax code. Here are the most important items you need to know: CORPORATE & PASS-THROUGH TAX RATE – The proposed plans would reduce the corporate rate from 35% to 15%. This reduced corporate
Yes, you read that right! President Trump’s 2016 tax return has been selected for audit. Do I have insider information? Not exactly. According to the Internal Revenue Manual (IRM), the handbook governing IRS operations, the President’s and Vice President’s income tax returns are subject to mandatory audits every year