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MYIRS Blog

Types of IRS Audits

  Types of IRS Audits Getting picked for the IRS audit is enough to make anyone sweat. We all fear and dread that moment, don’t we? The real question is: is it because of the way we conceive the idea of getting audited or is it actually that...

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MYIRS Blog

IRS Audit RED Flags

IRS Audit Red Flags Some taxpayers get through the tax season every year unscathed while others undergo tax audits. An IRS audit is no less than a nightmare. Let’s just say nothing strikes fear in the heart of a taxpayer like getting selected for ...

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MYIRS Blog

The IRS Turns up the Pressure on Prosecutions for Identity Theft

The IRS turns up the pressure on prosecution for identity theft and sends a warning to criminals!  Click on the link below to see the Top Ten Identity Theft Prosecutions for Fiscal Year2014. http://www.accountingtoday.com/news/tax-practice/irs-step...

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Dec, 201820

Tax-News.com: IRS Issues Proposed Regulations On BEAT

On December 13, 2018, the United States Internal Revenue Service issued proposed regulations on the operation of the base erosion and anti-abuse tax, contained in Section 59A of the Internal Revenue Code.

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Dec, 201806

Tax-News.com: OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017

Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies.

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Nov, 201822

Tax-News.com: OECD Reports Progress On Harmful Tax Regimes Work

Releasing a progress update, the OECD said international efforts to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide.

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Nov, 201801

Tax-News.com: FASB Issues New Standard For Variable Interest Entities

The Financial Accounting Standards Board (FASB) on October 31 issued Accounting Standards Update 2018-17, intended to reduce the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs), for which cons...

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Sep, 201828

How to catch up on retirement savings in your 50s

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Sep, 201828

In your 40s with no retirement savings? Make these your next moves

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Sep, 201827

How do you know you're really ready to retire early?

The heavy lift for early retirement is getting to your magic savings number, but there are many other details to consider before quitting your job.

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