IRS audits

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R&D Tax Credit: New IRS Rules Demand CPA Expertise

Master Form 6765’s changes to protect clients and maximize innovation incentives. Recent IRS updates to Form 6765 introduce new reporting requirements for the R&D Tax Credit, demanding CPAs to adapt their compliance strategies. Key Focus: Compliance and Maximizing Tax Benefits

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Tax blog
iFind Taxpro

Should You Report Cryptocurrency on FATCA Form 8938?

Navigating IRS Rules for Foreign-Held Crypto Many investors hold cryptocurrency in foreign exchanges or offshore accounts, raising questions about tax reporting obligations, particularly regarding FATCA Form 8938. Understanding these rules is crucial to avoid costly penalties. Key Focus: Compliance and

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Tax blog
iFind Taxpro

New IRS Guidance on Cryptocurrency

Navigating Evolving Tax Rules for Digital Assets: What Taxpayers Must Know The IRS has introduced new guidance regarding cryptocurrency taxation, including Revenue Procedure 2024-28 and Notice 2025-7. These changes aim to clarify reporting obligations and enhance tracking requirements for digital

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Tax blog
iFind Taxpro

Nevada Woman Admits to $98 Million COVID-19 Tax Fraud

Las Vegas Business Owner Pleads Guilty to Massive Fraudulent Scheme A Nevada woman has pleaded guilty to orchestrating a massive COVID-19 employment tax fraud scheme involving the filing of over 1,200 false tax returns and fraudulently claiming millions in refunds.  

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internal revenue service (IRS)
Tax blog
iFind Taxpro

The Role of the IRS in Business Taxation

Navigating the IRS Landscape for Businesses: Audits, Appeals, and Resolving Tax Disputes The Internal Revenue Service (IRS) plays a crucial role in business taxation, ensuring compliance with tax laws and regulations. As a business owner, understanding the IRS’s functions, including

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