Tax & Accounting Blog

Is Your Research Credit Documentation Ready?

Is Your Research Credit Documentation Ready?

Here is a little secret for you… The taxing authority may have already drafted your Research Credit disallowance! In 2008, the IRS published an audit techniques guide that included Exhibit E — Substantiation Write-up Supporting a Notice of Claim Disallowance. This document is currently used by most IRS and state taxing authority teams to support … Read More

Tax Commission to Provide Relief for Victims of the Tornado Disaster that Occurred on May 19 and 20, 2013

Tax Commission to Provide Relief for Victims of the Tornado Disaster that Occurred on May 19 and 20, 2013

For taxpayers affected by the tornado disaster who cannot report or make payments on time, the Commission will waive interest or penalty less than $10,000, so long as the taxpayer has voluntarily paid taxes due, filed reports and submitted a written statement of their situation.  The Commission is also approved to assist taxpayers in the … Read More