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.…
Since the majority of the Tax Cuts and Jobs Act changes went into effect in tax year 2018 and there’s a new Form 1040 and supporting schedules to learn, Drake Software wanted to see if preparers felt ready before the January 28 start date.…
The tax reform package that went into effect at the end of 2017 effectively doubled the standard deduction for individuals.…
In a recent Tax Tip, the IRS reminded taxpayers that the Tax Cuts and Jobs Act (TCJA) lowered the backup withholding rate for 2018 to 24 percent.…
The Inspector General for Tax Administration (TIGTA) has found that the numerous changes put forth in the tax cut legislation pose a risk of delaying the 2019 filing season.…
Eligible businesses offering employees paid family and medical leave could take advantage of a new tax credit next filing season, according to an IRS press release.…
The Internal Revenue Service last week issued a Tax Tip outlining how the Tax Cuts and Jobs Act (TCJA) will affect section 529A ABLE accounts.…
Drake Software's Federal Tax Manager, Robin Miles, and Lead Tax Analyst, Bob Nolan, joined me in the studio to discuss the broader implications of the Tax Cuts and Jobs Act for the Tax Year 2018 filing season.…
The Internal Revenue Service says it will issue regulations on some tax law changes that affect 529 college savings plans.…
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…
