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IRS Problem Solver Blog

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IRS proposes guidance for determining MLP qualifying income

www.lexology.com — On May 5, 2015, the Internal Revenue Service (IRS) issued proposed regulations that would provide additional guidance for purposes of interpreting the rules under Internal Revenue Code (IRC) Section 7704(d)(1)(E) relating to the classification of income from certain…

Many Tax-exempt Organizations Must File with IRS in mid-May

www.infozine.com — Most tax-exempt organizations must file annual Form 990-series informational return or notice with the IRS by May 15. Organizations that fail to file for three consecutive years will see their federal tax exemptions automatically revoked. Washington DC –…

Post April 15 Tax Scams

You would be forgiven to think that since tax day has come and gone, tax scams would also be a thing of the past (at least until next year).  How wrong.  As long as there is money to be made…

​Healthy earnings back Cognizant promise for Tampa jobs, community investment

www.bizjournals.com — Executives at information technology services company Cognizant Technology Solutions Corp. stand by their promise to double their total Tampa workforce to 800 in four years. With 200 workers added last year, and based on first quarter earnings announced…

Fasano raises doomsday scenario of no state budget by July 1

www.tampabay.com — Pasco County Tax Collector Mike Fasano on Monday raised the possibility of a fiscal doomsday — the start of a new fiscal year on July 1 with no budget in place. Legislative leaders have said they won’t let…

Manco and Manco Owners Allegedly Used Skimmed Money for Trips, Education Expenses for Kids

patch.com — The owners of Manco and Manco Pizza allegedly used money they were skimming from their cash only business for personal trips, country club dues and expenses for their children, according to the Associated Press. Charles and Mary Bangle…

Legislative stalemate puts Florida school districts in a budgeting bind

www.tampabay.com — The early end to this year’s legislative session, without an approved budget, has put Florida school district leaders on edge. Even in normal circumstances, school boards often struggle to craft spending plans largely dictated by state funding formulas….

Is the IRS Doing Enough to Fight Identity Theft?

Here’s a million dollar question – Is the IRS doing enough to fight identity theft?  If you have never been a victim of identity theft, you might answer ‘Yes’.  But if you have been a victim before, you would probably…

Pro Athlete ‘Jock Tax’ Is Struck Down

www.forbes.com — Pro athletes can earn a lot, but their taxes are complex and can be a real gotcha. There’s the IRS, multiple states, and even foreign governments. And there are city and local taxes too. Take Cleveland, which slapped…

IRS scams are busting out all over

wkzo.com — It’s been a bad year already for tax scams, one of the worst on record according to IRS Spokesman Luis Garcia, and its continued, even though tax day has come and gone. Con men are now calling up…

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