Things to Know About the Child Tax Credit
The Child Tax Credit is a tax credit that may save taxpayers up to $1,000 for each eligible qualifying child. Taxpayers should make sure they qualify before they claim it.…
Read moreFalsely Inflating Refund Claims on the IRS “Dirty Dozen” List of Tax Scams for 2017
WASHINGTON — The Internal Revenue Service today warned taxpayers to be alert to unscrupulous tax return preparers touting inflated tax refunds. This scam remains on the annual list of tax…
Read moreIRS, Partners Warn of Online Threats; Protect Personal Computers
he Internal Revenue Service, states and the tax industry remind you that online threats and annoyances abound. There are viruses, worms, Trojans, bots, spyware and adware – all fall under…
Read moreAs Holidays Approach, IRS Reminds Taxpayers of Refund Delays in 2017
WASHINGTON — As the holidays approach, the Internal Revenue Service today reminded taxpayers to remember that a new law requires the IRS to hold refunds until mid-February in 2017 for…
Read moreTransfer mispricing: traditional approaches
The conventional international approach to dealing with transfer mispricing is through the “arm’s length” principle: that a transfer price should be the same as if the two companies involved were…
Read moreThe Arm’s Length principle
If two unrelated companies trade with each other, a market price for the transaction will generally result. This is known as “arms-length” trading, because it is the product of genuine…
Read moreTransfer Pricing
Transfer pricing is one of the most important issues in international tax. “Transfer pricing is the leading edge of what is wrong with international tax” – Lee Sheppard, Tax Analysts, August…
Read moreWrongful Incarceration
In the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), Congress added a new exclusion from income under section 139F of the Internal Revenue Code. Under this…
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