Employers (typically hospitals and medical schools) and individual taxpayers (medical residents) began filing FICA refund claims in the 1990’s, based on their position that medical residents are students eligible for the FICA tax exception that applies to students at a school, college or university who are also employees of that school, college or university.
The employer’s [...]
In an attempt to find common ground between the House and Senate Health Care Reform Bills, President Obama released his proposed version of health care reform on February 22, 2010, just a few days before the scheduled bipartisan meeting with congressional leaders on Thursday February 25, 2010.
The most notable tax provision in the President’s proposal [...]
The IRS has recently released IR-2010-10 reminding all tax-exempt organizations to file Form 990. An organization risks having its tax-exempt status automatically revoked if they have not filed the required information forms for the last three years. For most tax-exempt organizations, the forms are 990 or 990-PF. For organizations with a calendar year end, the [...]
Haiti has been in the forefront of the news since a devastating earthquake struck on January 12, 2010, killing hundreds of thousands and leaving the country in chaos.
If you have contributed to the relief efforts or are considering making a donation, congress has approved legislation to allow any contributions made for this purpose between January [...]
If you have ever received a notice from the Internal Revenue Service (“IRS”), you know that these notices can be somewhat confusing and may look more like legal documents than simple letters.
The IRS has created the Office of Taxpayer Correspondence that will use its resources to make IRS communication with taxpayers easier to understand. In [...]