Staying Ahead of the Curve
The Internal Revenue Service has released a new, expanded guide for tax professionals that can be used in the fight to protect data.…
House Eyes More Tax Cuts Before Midterms
House Ways and Means Chairman Kevin Brady introduced the "House GOP Listening Session Framework," a two-page outline that proposes three separate pieces of legislation on Tuesday.…
Olena Romanchuk Breaks Down Passthrough Changes - EP14
In this episode of the Taxing Subjects Podcast, we are joined in the studio by Drake Software’s Olena Romanchuk, CPA to talk about how the Tax Cuts and Jobs Act and Bipartisan Budget Act of 2018…
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GAO Urges IRS to Beef Up Taxpayer Authentication
By most accounts, the Internal Revenue Service has made big advances in data security over just a few years ago.…
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States Sue Over SALT Cap
New York, Connecticut, Maryland, and New Jersey are suing the federal government, claiming the SALT limitation is unconstitutional.…
Audit Finds FATCA Enforcement Failed
The Internal Revenue Service has spent millions of dollars trying to get taxpayers located in foreign countries to report their holdings for tax purposes. A new federal audit, however, finds the IRS has fallen short in the effort.…
LTPA on How to Help Multi-Cultural Clients – EP13
In this episode, Drake Software Vice President John Sapp and I are joined by two representatives from the Latino Tax Professionals Association to discuss issues facing multi-cultural clients: President and CEO of Lopez Tax Service and LTPA Executive Director, Carlos Lopez, EA, and LTPA Vice President of Business Development, Tony Martinez, EA.…
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IRS Now Accepting ITIN Renewals
ITINs that haven’t been used at least once in three consecutive years or contain middle digits 73, 74, 75, 76, 77, 81, or 82 will expire on December 31, 2018—unless, of course, affected ITIN holders renew before the end of the year.…
Tax Treatment of Dependents is a Different World Now
The passage of the Tax Cut and Jobs Act in December, 2017 marked a sea change in how dependents are treated on the average Form 1040.…
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So You Got a Letter from the IRS
At a time when phishing scams have consistently been in the news, it’s understandable that taxpayers would be cautious about responding to letters from “the IRS.” Luckily, the IRS has suggestions for…
