August 15, 2018

IRS made the announcement on June 29, 2018 on their intentions of releasing new simpler Form 1040 for 2019 Tax season.

According to IRS the “new 1040 – about half the size of the current version -- would replace the current Form 1040 as well as the Form 1040A and the Fo...

The Following steps are the short list of what is recommended to be done when dealing with a car accident: 

  •  Stop - if you are involved in an accident you should immediately stop and assess the situation and whether anyone has been injured. in case of any injur...

April 9, 2018

The Internal Revenue Service ("IRS") has issued reminder to taxpayers to be careful with aggressive phone scams as criminals pose as IRS agents in hopes of stealing money from Taxpayers. These scam phone calls still remain as a major threat to taxpayers as another tax...

April 9, 2018

IRS announced earlier last month that it will end the voluntary disclosure program it opened in 2009.  Since 2009, tens of thousands of individuals have come forward to voluntarily disclose their foreign financial accounts, taking advantage of special opportunities to...

June 22, 2017

Remember those phone call scams where callers impersonate IRS agents and requested immediate payments of “owed taxes”, well their business might have got a boost after recent IRS Decision. IRS recently decided to begin a new program where they will hire private debt co...

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IRS to hire Private Debt Collection Agencies: what we know so far

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