IRS to Update Information Systems
The IRS is about to begin a long-awaited upgrade program to its antiquated information and taxpayer services systems.…
The IRS is about to begin a long-awaited upgrade program to its antiquated information and taxpayer services systems.…
The Section 199A qualified business income (QBI) deduction has been a source of confusion for taxpayers and tax professionals alike since it debuted with the Tax Cuts and Jobs Act.…
The Government Accountability Office (GAO) says it has some suggestions for the IRS that could make significant improvements in the agency’s operations.…
With just days left in the TY 2018 filing season, the IRS and its Security Summit partners have announced major progress has been made in the fight against tax-related identity theft. What’s more, they say, their combined efforts have added protection for thousands of taxpayers and billions of dollars in refunds.…
The House Ways and Means Committee this month announced that they passed “historic legislation to redesign the IRS:” The Taxpayer First Act of 2019. According to the press release, this type of bipartisan agency overhaul has not been attempted in more than two decades, and it focuses on taxpayer customer service, data security, and updating internal IRS rules and technology.…
The IRS issued a revenue ruling that outlines how taxpayers should treat their now-limited SALT deductions on tax year (TY) 2018 returns and explains how those decisions could affect their tax return next year.…
A new report finds the U.S. isn’t using the available tools effectively to improve compliance among American taxpayers living abroad.…
The Internal Revenue Service is making a few changes to the application process for Employer Identification Numbers, or EINs. Starting May 13, only those individuals with tax identification numbers…
The Government Accountability Office says a decade of budget and staffing cuts aimed at the Internal Revenue Service have left the nation’s tax collection agency poorly positioned to handle its future mission.…
Filing season starts in late January and end in mid-April, so some tax professionals look for ways to get clients back in their office the remainder of the year.…
