Current Articles

• U.S. Constitution 16th Amendment Gave Congress Authority To Enact An Income Tax – View First 1040 Tax Form In 1913
  By TaxConnections Admin
  Origin Of Internal Revenue Service The roots of IRS go back to the Civil War when President Lincoln and Congress, in 1862, created the position of commissioner of Internal Revenue and enacted an […]
• How To Recover Damages For An IRS Error
  By Venar Ayar
  Recovering Damages You may be able to recover economic damages if an IRS error ends up costing you money. However, the circumstances under which you can recover damages are quite limited. These […]
• ASC 740 Stock Compensation And Sec 162m – Complimentary Webinar For Tax Professionals – Friday October 19th 2018
  By TaxConnections Admin
  TaxConnections invites corporate tax professionals and tax professionals in public accounting serving corporate clients to attend this complimentary webinar with Tax Reform updates and the tax […]
• Expenses For Business Meals Under § 274 of the Internal Revenue Code – IRS Wants Your Comments By 12.02.18
  By IRS
  PURPOSE OF IRS NOTICE This notice provides transitional guidance on the deductibility of expenses for certain business meals under § 274 of the Internal Revenue Code. Section 274 was amended by the […]
• IRS On New Tax Law – Property Improvements And Depreciation Of Automobiles
  By IRS
  A taxpayer may elect to expense the cost of any section 179 property and deduct it in the year the property is placed in service. The new law increased the maximum deduction from $500,000 to $1 […]