Stauffer Legal, Tax, and Financial Services, APC

09/06/2024

Tax authority wins in blockbuster transfer pricing cases this year have captured the attention of multinational companies and their tax advisers worldwide—sparking a scramble to strengthen procedures and defend against more effective federal and state audits.

09/06/2024

📅 Tax Tip: Q3 Estimated Taxes Due Sept. 16! 💸

Attention small business owners and self-employed professionals:

Your third quarter estimated tax payment for 2024 is due on or before September 16.

Don’t wait until the last minute! Avoid potential penalties by submitting your payment on time. If you need assistance calculating your estimated taxes, feel free to reach out.

08/09/2024

King & Spalding’s Rod Rosenstein calls for a new tax assistant attorney general in the Justice Department, saying the long-empty position has been detrimental for taxpayers.

08/06/2024

With the barrage of information available online, it's hard to know what's true and what's not. The is issuing a consumer alert warning taxpayers not to follow bad advice circulating on social media. The "Self-Employment Tax Credit" scam is misleading taxpayers into filing false claims. owners should check in with a trusted before filing any claims based on advice found online.

Learn more about this scam and others at https://ow.ly/nne750SBLla.

08/02/2024

Accounting regulators and industry leaders are drafting reforms to state CPA licensing rules in an effort to expand the profession’s ranks by providing new pathways that could include skills acquired outside a classroom to earn the credential.

07/26/2024

The role of the Joint Committee on Taxation—already crucial when Congress drafts tax legislation—could take on new significance after the fall of a legal doctrine empowering federal regulators, former staffers and members say.

07/18/2024

The IRS is chipping away at formalizing rules that take aim at transactions it considers abusive during a vulnerable time for the agency’s regulatory authority.

07/17/2024

Keep scammers from taking a bite out of your . An Identity Protection PIN (IP PIN) puts a lock on your identity, preventing criminals from making fraudulent refund claims. Anyone with a Social Security Number or Individual Taxpayer Identification Number can get one. Even spouses and dependents are eligible if they can pass the identity verification process.

Get started on locking down your identity at https://ow.ly/JAlU50StQaM.

07/03/2024

The sunset of the Tax Cuts and Jobs Act is near. Prepare for its impact on estates over $13M and $26M with our PFP podcast. Hear it first, tune in now! https://bit.ly/4cgWqKR

07/03/2024

The IRS’s most controversial regulations are more vulnerable to litigation after the US Supreme Court overturned a legal doctrine empowering federal regulators, as companies and individuals seek a fair shake from the agency.

06/25/2024

Concerns over IRS data use and high false positive rates in fraud detection highlight challenges in preserving taxpayer rights amidst increasing digitalization.

Nina Olson of the Center for Taxpayer Rights and the Tax Analysts board of directors discusses the challenges in preserving taxpayer rights in light of increasing digitalization by the IRS and tax preparation companies.

06/25/2024

Businesses and nonprofits facing delays on pandemic-era tax credit refunds may need to consider litigation as IRS processing remains stalled.

Businesses and nonprofits still waiting for their pandemic-era tax credit refunds are expected to turn to litigation at higher rates, given the IRS isn’t likely to lift a moratorium on processing new claims any time soon.