March 5, 2019
The IRS recently issued proposed regulations under section 250 of the Internal Revenue Code, which offers domestic corporations deductions for foreign-derived intangible income and global intangible low-taxed income.
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March 1, 2019
The IRS warns taxpayers to avoid unethical tax return preparers, known as “ghost” preparers.
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February 28, 2019
The IRS will waive the estimated tax penalty for any qualifying farmer or fisherman who files his or her 2018 federal income tax return and pays any tax due by Monday, April 15, 2019.
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February 27, 2019
The IRS recently reiterated its warning that taxpayers may not be able to renew a current passport or obtain a new passport if they owe federal taxes.
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February 27, 2019
Most taxpayers born in the last 60 years have the expectation that their preparer is harnessing electronic tools to help eliminate errors, speed up processes and make their overall client experience a positive one.
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February 25, 2019
The IRS recently announced that interest rates will remain the same for the calendar quarter beginning April 1, 2019 as they were in the first quarter of 2019.
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February 15, 2019
The IRS recently issued Revenue Ruling 2019-07 that provides various prescribed rates for federal income tax purposes.
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February 13, 2019
The IRS recently provided a safe harbor method to determine depreciation deductions for passenger automobiles that qualify for the 100 percent additional first-year depreciation deduction and that are subject to the depreciation limitations for passenger automobiles under Sec. 280F (Rev. Proc. 2019-13).
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January 30, 2019
IRS employees returned to work Jan. 28 following the government shutdown and are working hard to resume normal operations to help taxpayers as much as possible.
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January 19, 2019
The Treasury Department and IRS recently issued final regulations and three related pieces of guidance implementing the new qualified business income deduction, also known as the Section 199A pass-through deduction, of the Tax Cuts and Jobs Act.
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