New IRS Collection Policy Update1 min read
As we progress through 2017, be aware of major changes to the IRS Collection Policy. According to accountingtoday.com “During the past five years, new laws and IRS administrative changes to collection policy have been frequent, and can be hard for taxpayers and tax professionals to keep up with.” Stay informed and take a moment to review these 6 important changes covered in the following article:
READ MORE
By Simons Bitzer
Here are a few additional articles you might be interested in:
Should You Elect Out of the New Partnership Audit Rules?
The Bipartisan Budget Act signed into law in 2015 and effective for partnership returns filed for taxable years beginning after 2017 has significant impacts on partnership audits. Most notably that audit adjustments are to be recognized in the year an audit is...
Accounting Manager
Helping Businesses Succeed. Helping Professionals Thrive. Simons Bitzer is a boutique CPA firm established in 1995 that focuses on helping Central Indiana companies reach their business goals. Our clients are progressive and they desire more than just accounting and...
The Business Checkup
No one starts a business hoping that it will fail, yet a quick check of business statistics shows that half of all businesses will. Large businesses have teams of experts who comb through complex reports to make decisions that affect hundreds of employees and ensure...