Public Sector

Treasury Report Details Efforts To Reduce Burden of Tax Regulations

On October 4, 2017, the United States Department of the Treasury released a report entitled, Second Report to the President on Identifying and Reducing Tax Regulatory Burdens, recommending actions to eliminate and/or modify eight regulations previously identified in a June 22, 2017 Treasury report as particularly burdensome for taxpayers (see our Tax Alert dated July […]

Tax Reform Framework Released

The Trump Administration recently released its tax reform proposal, named the “Unified Framework for Fixing Our Broken Tax Code.”  The framework was the result of many discussions and meetings over the past few months led by the so called Big Six – Treasury Secretary Steven Mnuchin, National Economic Director Gary Cohn, House Ways and Means […]

Business Tax Returns: Watch Out For New Requirements To Minimize Identity Theft

In recent years, individuals have been the victim of tax related identify theft but significant progress has been made to reduce these instances. Individuals reporting identity thefts to the Internal Revenue Service (IRS) have declined since 2015 as a result of the implementation of various safeguards.  However, there has been an increase in identity theft […]

Online Marketplace Sellers: Voluntary Disclosure Program Available Through October 17, 2017

As highlighted in our recent article in the Mazars Ledger, “Vendors Beware! Fulfillment By Amazon Can Create State Tax Headaches”, online vendors using services such as Fulfillment by Amazon (FBA) could have additional state tax collection and filing obligations as the result of maintaining inventory at the online marketers’ warehouses throughout the U.S. The Multistate […]

IRS Announces Hurricane Harvey Relief

As it has done in the past with other natural disasters, the Internal Revenue Service (“IRS”) has announced relief provisions that will be available to Hurricane Harvey victims.  The relief provisions apply to individuals who reside in or have a business in the following counties: Aranas, Austin, Bastrop, Bee, Brazoria, Calhoun, Chambers, Colorado, DeWitt, Fayette, […]