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Treasury blocks SALT deduction cap workaround

  • June 12, 2019

The Treasury Department and the Internal Revenue Service have published final rules limiting the ability of residents of states with higher tax rates to use charitable contributions to offset caps on tax deductions for state and local taxes. The regulations restrict use of donation and tax-credit programs, including those created before Congress passed caps on state and local tax deductions. Continue Reading

Changes coming to tax transcript availability

  • June 5, 2019

To fight identity theft, the Internal Revenue Service will no longer fax transcripts to taxpayers, tax professionals and other third parties starting June 28. In July, the IRS will stop providing an option for mailing transcripts to third parties. Continue Reading