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Learn How Employer-Provided Autos Can Benefit From IRS Notice 2021-7

Do you provide company-owned vehicles to your employees? Are you and/or your employees using the automobile lease valuation rule? As a result of the COVID-19

Your Exempt Status Has Been Revoked

"Your exempt status has been revoked." That sentence is the last thing a tax-exempt organization wants to read. Yet, the IRS sent out a wave

Social Security Tax Deferral and Repayment Explained

On August 28, the IRS issued Notice 2020-65 to provide further clarification regarding a presidential memorandum that permits employers to defer the withholding

The IRS Wants to Verify Your Identity—Wait, Is This a Scam?

What happens when you get a letter from the Internal Revenue Service? Panic Skepticism that it’s a phishing scam A little of each Some clients have

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IRS Provides Foreign Trust Reporting Requirements

The IRS has provided on its website a summary of reporting requirements for foreign trusts and their U.S. owners. Though these regulations are not new,

IRS Issued Final Regulations on the GILTI High-Tax Exclusion

Are you a U.S. shareholder of a controlled foreign corporation (CFC)? The final regulation on Global Intangible Low-Taxed Income (GILTI) high-tax exclusion

2020-2021 Special Per Diem Rates

The IRS recently released Notice 2020-71, detailing the new special per diem rates taxpayers use to substantiate necessary business expenses while traveling

Notices for Nonpayment of Income Taxes

Did you have federal income tax due on July 15, 2020? Did you pay the income tax on July 15, 2020? Did you receive a notice from the Internal Revenue Service

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When I was first contacted by Schneider Downs about an interview for an internship opportunity I was eager and excited because I had always wanted to intern

IRS Announces Transition Tax Added to Examination Target List

In 2017, the IRS identified and announced 13 campaigns meant to build out a more supportive infrastructure for international reporting and compliance,

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