The Internal Revenue Service released a notice and final regulations clarifying a number of issues, including whether rental property would be considered eligible for QBI.…
The IRS announced it would waive the penalty for insufficient estimated tax payments and withholding.…
The Internal Revenue Service on Tuesday released its Fiscal Year 2019 Lapsed Appropriations Contingency Plan, a document that has been eagerly awaited ever since it started looking like the partial federal government shutdown would extend into tax season.…
The partial federal government shutdown is in its nineteenth day, and it seems some federal services will be unavailable for the foreseeable future.…
Late yesterday afternoon, the Internal Revenue Service issued a press release revealing that January 28 will officially kick off the 2019 filing season.…
Our friends at the Latino Tax Professionals Association recently published an article outlining specific services that will and will not be available should the government shutdown continue.…
February 4, 2019 will mark the end of the Internal Revenue Service faxing tax transcripts to individuals and tax professionals. According to the IRS Newswire, tax industry feedback helped contribute to the decision to stop the practice.…
On Wednesday, the Department of Health and Human Services released a statement about a Texas court ruling that found the Affordable Care Act is unconstitutional following the elimination of the individual mandate for having health insurance.…
According to the Internal Revenue Service, there are two new “business email compromise/business email spoofing (BEC/BES)” spear-phishing scams targeting tax professionals: the direct-deposit scam and the wire-transfer scam.…
If an identity thief manages to steal a tax preparer’s client data, where does it go? An IRS investigator gives us a chilling roadmap for stolen data’s journey—from closely guarded identification to illegal commodity.…
