American farmers and ranchers forced to sell livestock due to drought have been given some tax relief by the IRS. The measures give qualified taxpayers an extra year to replace livestock and defer tax on gains from the forced sales.…
A recent court case highlights reasons behind a change in IRS procedure in how the Office of Professional Responsibility (OPR) deals with complaints.…
The Senate and House of Representatives today passed a tax reform package that is expected to be signed by the president.…
To quote the Internal Revenue Service: Small business identity theft is big business. That’s because identity thieves have learned to use a business’s information to file bogus income tax returns or…
The IRS yesterday reminded tax professionals that there is an early bird discount for tax forum registration.…
Tax professionals and taxpayers alike are being warned that new email scams could derail plans for a refund this tax season.As the filing season heads toward its April 18 deadline, identity thieves…
IRS Selects Random Get Transcript Page VisitorsIn line with the IRS’s Future State goal of broadening online customer service options, the IRS recently announced that new authentication and access…
Move Surprises Those Following the CaseThe US Supreme Court has elected to take up the issue of tax credits given to users of the federal health exchange, setting the stage to resolve one of the most…
ACA Credits Could Mean Lower Tax RefundsThe Affordable Care Act (ACA) is already proving to be confusing and costly for consumers, with widespread premium increases and plan cancellations. Now, the…
Winter 2014 Statistics of Income Bulletin Now Available The Internal Revenue Service announced the availability of the winter 2014 issue of the Statistics of Income Bulletin, which features…
