New Law Helps IRS Crack Down on Fraud and Tax-Related Identity Theft


By Kim Shields

As of January 2015, the IRS will be limiting the number of income tax refunds that are electronically deposited into a taxpayer's single financial ... read more >

Will Deviations in Canada's FATCA Intergovernmental Agreement with U.S. Cause Difficulties?

The Canada Revenue Agency’s (“CRA”) final guidance regarding the application of the Canada-U.S. intergovernmental agreement (“IGA”) ... read more >

New Streamlined Process for Applying for Tax Exemption

Effective July 1, 2014, the Internal Revenue Service (IRS) released Revenue Procedure 2014-40, which sets forth the procedures used to apply for an issue ... read more >

Accountants Are Fun, Too.....A Schneider Downs Team-Building Day

What do eight accountants and a marketer do for fun on a Wednesday afternoon in June? They Go Ape! Recently, a small team of Schneider Downs employees ... read more >



By Mary Richter

The Foreign Account Tax Compliance Act entered a new phase on July 1, 2014- the reporting requirements became effective. What does this mean? Treasury, ... read more >

Moving EO Forward


By Susan Kirsch

The newly appointed IRS Exempt Organization Management Team has moved forward swiftly and boldly with the release of its Streamlined Application for Recognition ... read more >

Are S Corporations Still the Most Tax Efficient Choice with the Higher Income Business


By Jim Gilboy

Now that the highest individual tax rates is 39.6 % as compared to the highest corporate tax rate of 35% are S Corporations still the most efficient choice ... read more >

Taxpayer Bill of Rights Adopted by the IRS


By Jennifer Cowles

On Tuesday, June 10th, the Internal Revenue Service released a “Taxpayer Bill of Rights” with the intention to provide taxpayers with a clear ... read more >