Tax & Accounting Blog

All IRS Operations Closed on Five “Furlough Days”

All IRS Operations Closed on Five “Furlough Days”

The Internal Revenue Service has announced that all IRS operations will be closed on May 24, June 14, July 5, July 22 and August 30, 2013. This includes all IRS offices nationwide, including all toll-free hotlines for taxpayer assistance, the National Taxpayer Advocate Service, and the nearly 400 taxpayer assistance centers. IRS employees are furloughed … Read More

Federal district court in Arizona issues final decision in demutualization case

Federal district court in Arizona issues final decision in demutualization case

On April 19, 2013, the federal district court in Arizona issued a final decision in the Dorrance case.  2013 WL 1704907.  This follows a preliminary decision in July, 2012.  See our previous bulletin, “Open Transaction Doctrine does not apply in insurance company demutualization case,” July 16, 2012. Background: A mutual insurance company has no … Read More

IRS Offers New “International Topic Index” of Tax Information for International Payments and Taxpayers

IRS Offers New “International Topic Index” of Tax Information for International Payments and Taxpayers

The IRS introduced a new service called the International Topic Index which will help both payers and recipients understand U.S. tax requirements relating to international transactions and filing requirements. The index will help individuals quickly locate relevant information from IRS informational pages, FAQs, forms, instructions, publications and other information sources. Topics are organized using IRS … Read More

aumentum

MERCY CORPS UTILIZING THOMSON REUTERS TECHNOLOGY TO INCREASE EFFICIENCY IN DOCUMENTING BOLIVIAN PROPERTY RIGHTS

My name is J.P. Soliz Molina, and I manage Thomson Reuters development team in Cochabamba, Bolivia where our team has been developing our OpenTitle software since 2009. This software system is used by governments and non-government organizations around the world to document, record, and map land rights. I am very proud to share … Read More