Some common paid time off (PTO) policy features cause taxable income to unexpected parties at unexpected times. Learn more here.
IRS: Website that connects lessors to lessees is a “brokerage service,” shareholder not eligible for section 1202 capital gain exclusion.
The IRS is tackling identity theft by using ID.me verification technology to guard access to online services.
National Taxpayer Advocate, Erin Collins, recommends the IRS pause automated collection notices. Congress may consider the recommendation.
The Taxpayer Advocate Service highlighted 10 major IRS problems affecting taxpayers and made several recommendations to mitigate the issues.
Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.
$1.9 trillion COVID-19 relief plan with broad individual relief and new coronavirus-related funding enacted into law.
The IRS foresees better phone service for taxpayers by hiring more than 1,000 new phone assisters across all call lines.
House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package.
Senator Wyden’s recent ‘discussion draft’ legislation, if enacted, would drastically alter many of the tax rules that apply to partnerships.
The Internal Revenue Service Security Summit discusses the common warning signs of identity theft and unemployment benefits theft.
A discussion on the IRS concern with non-filers and what can be done to mitigate the risk is provided in this article.
A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending June 30, 2021.
Administration issues Presidential priorities and pay-fors. Corporations and wealthy individuals face prospect of increasing tax rates.
Tax-deferral techniques—possibly spurred by a potential increase to capital gains rates—must be scrutinized, as evidenced by this IRS memo
IRS safe harbor for fiscal year taxpayers on accounting period in which to deduct PPP expenses provides choices and certainty.