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The Internal Revenue Service’s (IRS) Large Business & International Division (LB&I) compliance campaigns serve to identify issues representing a risk of non-compliance and make the greatest use of limited resources. On May 21, 2018, the IRS announced the approval of six additional compliance campaigns.

A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.

Tax Tip 2022-137, September 7, 2022 — Businesses hanging up their Help Wanted signs should be sure to check out the work opportunity tax credit This credit encourages employers to hire workers certified as members of any of ten targeted groups facing barriers to employment. The credit has been extended through the end of 2025.

Housing and utilities allowable expenses for New Hampshire.

Tax Tip 2022-154, October 6, 2022 — Tax fairness means the tax system is equitable to all citizens. This is not just a concept - it is the law. The right to a fair and just tax system is one of 10 rights in the Taxpayer Bill of Rights, which clearly outline the fundamental rights of every taxpayer.

Frequently asked tax questions for taxpayers in the cannabis industry and marijuana businesses.

You may be required to report yearly to the IRS foreign bank and financial accounts (FBAR) exceeding certain thresholds. 

Housing and utilities allowable expenses for Massachusetts.

Housing and utilities allowable expenses for Arizona.