DMC_CPA
  Home  |  About  |  Contact  |  Testimonials  |  Resources  |  Taxpayer Representation  |  Newsletter  |  Cartoon of the Month  
 

 

Certified Public Accountant


 

Newsletter

Tax and Financial News for January 1999

rss feed

Restructuring vs. Reform

Most taxpayers will be affected much less by the recent IRS reforms than by the restructuring that starts this year, we hear from Margaret Richardson of Ernst & Young. In reality few taxpayers will be affected by new innocent spouse rules, accountant-client privilege, etc. But everybody will be affected by the reorganization of the IRS into four divisions handling small businesses, big businesses, individuals, and exempt organizations and retirement plans.

The goal is to make the IRS a one-stop shop for taxpayers. Example: A small business will have filings, notices, audits, etc., all handled by the same IRS office, instead of several different ones.

Snag: All reorganizations have problems on start-up. Have your tax adviser keep you informed about how the reorganization will affect you.

Disclaimer 
 
 

1645 Falmouth Rd, #5E, Centerville, MA 02632 | Telephone: (508) 280-5302 | E-mail: dmcolburn@comcast.net
Newsletter | Tax Calendar | Financial Calculators | Tax Links | Financial Terms Glossary | Track your Refund | Cartoon of the Month