The Internal Revenue Service just announced the release of its IRS Criminal Investigation (CI) annual report, reflecting the significant accomplishments and criminal enforcement actions taken in fiscal year 2016. IRS CI initiated 3,395 cases in FY 2016 that focused on tax-related identity theft, money laundering, public corruption, cybercrime and terrorist financing. “The IRS continues to…

Whether you physically come into the office or submit your data to us from half-way around the world, our turn-around time is best in class. Our tax filing process has changed over the years and the steps involved from start to finish can be summarized as follows. First, you provide all of the information pertaining…

Most taxpayers got their W-2 Forms by the end of January. Form W-2, Wage and Tax Statement, shows the income and taxes withheld from an employee’s pay for the year. Taxpayers need it to file an accurate tax return. If you have not received your form by mid-February, here’s what you should do: Contact your…

We’ve had two residents of Sevier County Tennessee in already this year. Both told stories of driving through the fires to escape! Affected taxpayers in this federally declared disaster area have the option of claiming disaster-related casualty losses on their federal income tax return for either the year in which the event occurred, or the…

Cook and Company is reminding farmers and fishermen about Wednesday’s deadline to take advantage of special rules that can allow them to forgo making quarterly estimated tax payments. Taxpayers with income from farming or fishing have until Wednesday, March 1 to file their 2016 Form 1040 and pay the tax due to avoid making estimated…

The Internal Revenue Code generally requires non-U.S. citizens, whom the code defines as either resident or non-resident aliens, who are engaged in a trade or business within the U.S. to file tax returns. Non-resident aliens such as foreign students, teachers or trainees temporarily in the United States on F, J, M or Q visas are…

One common problem is shared by many non-profit organizations and it has to do with continuity. When organizations are managed at the local level by members or volunteers, and those people responsible for managing the affairs of the organization turn-over from year to year, things can fall through the cracks. In fact, in recent years…

10 Helpful Facts to Know When a person sells a capital asset, the sale normally results in a capital gain or loss. A capital asset includes inherited property or property someone owns for personal use or as an investment. Here are 10 facts that taxpayers should know about capital gains and losses: Capital assets include…