Glossary of Accounting Terms

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IRS offers settlement for micro-captive insurance schemes; letters being mailed to groups under audit
Treasury, IRS release final and proposed regulations on new 100% depreciation
IRS automatically waives estimated tax penalty for eligible 2018 tax filers
IRS has begun sending letters to virtual currency owners advising them to pay back taxes, file amended returns; part of agencys larger efforts
IRS announces new procedures to enable certain expatriated individuals a way to come into compliance with their U.S. tax and filing obligations

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Michelle M Biess
801 Wayne Ave
Suite 205
Silver Spring, MD 20910

301-585-9040

michelle@mbcpa.com