Blog Posts in November, 2010

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  • University Students in Mock IRS Investigation
    University Students in Mock IRS Investigation

    Last week, twenty business and accounting students participated in a mock IRS investigation of a fictional terrorist financing organization that ended with the issuance of a warrant of arrest. The ...

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  • Tax Reporting Requirements for Landlords
    Tax Reporting Requirements for Landlords

    With the introduction of the Small Business Jobs Act 2010, landlords will have to file information returns usually in the form of an IRS Form 1099 – MISC when they pay any contractor more than $600 in ...

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  • UBS Delivers Names IRS Drops Suit
    UBS Delivers Names IRS Drops Suit

    In its long-running feud with UBS, the IRS has recently dropped its legal suit against the Swiss bank after receiving names and account details of wealthy American UBS customers suspected of evading ...

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  • Widow Wins Lawsuit against IRS
    Widow Wins Lawsuit against IRS

    A 70 year old widow, Theresa Beat sued the IRS and won in a lawsuit that will gain her about $3 million in tax refunds after a federal court jury returned their verdict in her favor last week in ...

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  • What Non-profits should know about Tax Form 990
    What Non-profits should know about Tax Form 990

    Form 990 or Return of Organization Exempt from Income Tax form is due to be submitted to the IRS by non-profits November 15. Ever since 2008, this Form has been substantially revised to include ...

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