IRS issues guidance on small business accounting
The Internal Revenue Service issued guidance today on new tax law changes that allow small business taxpayers with average annual…
Are you paying for higher education in 2018?
Taxpayers who pay for higher education in 2018 can see tax savings when they file their tax returns. If taxpayers,…
Treasury, IRS issue proposed regulations on new 100 percent depreciation
The Treasury Department and the Internal Revenue Service today issued proposed regulations on the new 100-percent depreciation deduction that allows…
Extension filers can avoid making these common filing errors
Taxpayers who filed for an extension of time have until Oct. 15 to submit their tax return. To ensure they…
The new 1040 postcard….may have made taxes more complicated!
“You can do your taxes on a form the size of a postcard,” Speaker Paul Ryan said. Rep. Kevin Brady…
IRS Offshore Voluntary Disclosure Program (OVDP)
Clock Ticking Down on the Offshore Voluntary Disclosure Program, Time Is Of The Essence Just when you thought it was…
Do you owe the IRS $51,000 or more?
IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter into Payment Agreements; People Owing $51,000 or More…
Veterans owed refunds for overpayments attributable to disability severance payments should file amended returns to claim tax refunds
The Internal Revenue Service today is advising certain veterans who received disability severance payments after January 17, 1991, and included…
IRS Working on a New Form 1040 for 2019 Tax Season
As part of a larger effort to help taxpayers, the Internal Revenue Service plans to streamline the Form 1040 into…