IRS Enforcement of ACA (Obamacare)

In accordance with President Trump’s executive order calling on agencies to ease up on ACA (Obamacare) regulations, the IRS made changes whereby it will not reject a 2016 tax return for processing just because the taxpayer does not indicate their coverage status in Box 61.

FBAR Filing Tax Deadlines

Report of Foreign Bank and Financial Accounts (FinCEN Form 114/FBAR)

The IRS has issued sweeping changes to the way U.S. taxpayers are required to report interest in foreign bank accounts. Although taxpayers were always required to report and pay taxes on income earned in foreign accounts, not until recently did the IRS along with other government agencies step up enforcement to eliminate attempts to avoid paying taxes.

Employee Classification - Delaware CPA

Employee v. Independent Contractor

If you have read the news lately, you might have seen the various headlines about Uber. One particular headline that has crossed on June 17th was the California Labor Commission classifying the Uber drivers as employees and not contractors. This has always been a hot topic with the IRS, independent contractor versus an employee but with the Uber publicity will this raise more questions among businesses?