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The IRS today released a state-by-state breakdown of people receiving a special mailing this month encouraging them to see if they’re eligible to claim an Economic Impact Payment. Continue Reading
To assist taxpayers affected by the COVID-19 pandemic, the IRS reminds taxpayers and tax practitioners how to request expedited handling of requests for letter rulings under Rev. Proc. 2020-1, 2020-1 I.R.B. 1 (Jan. 2, 2020). Continue Reading
The IRS today issued final regulations for taxpayers who claim the rehabilitation credit, which was amended by the Tax Cuts and Jobs Act (TCJA). Continue Reading
What are taxpayers rights? Read this Taxpayer Bill of Rights from the IRS. Continue Reading
Planning saves time in the long run. Budgeting, staffing, controlling quality, beating the deadline, on-the-job training, exceeding the client’s expectations, and adding value are all parts of every project. Continue Reading
The three things leaders in the accounting profession should be doing right now after a long tax season. Continue Reading
The final regulations for the business interest expense deduction limitation were published in the Federal Register today; these vary slightly from the document released on IRS.gov on July 28, 2020. Continue Reading
This week's topics include the concept of domicile for state residency status; special 2020-21 per diem rates; minimum essential coverage; innocent spouse provisions; signatures for electronically filed tax returns. Continue Reading
A checklist of items for newly married couples, including changes to name and address, withholding, and filing status, as well as scams to watch out for. Continue Reading