Finance2017-09-05T09:34:18-08:00
2008, 2019

IRS: tax pros urged to report thefts immediately; create recovery plan

By |August 20th, 2019|Finance|Comments Off on IRS: tax pros urged to report thefts immediately; create recovery plan

The Internal Revenue Service and its Security Summit partners want to remind tax professionals they should report data theft immediately to the IRS and follow an established process for helping the IRS protect their clients. If notified promptly, the IRS can help stop fraudulent tax returns from being filed in [...]

1308, 2019

IRS launches online ‘Tax Withholding Estimator’ for paycheck checkups

By |August 13th, 2019|Finance|Comments Off on IRS launches online ‘Tax Withholding Estimator’ for paycheck checkups

The Internal Revenue Service launched a new Tax Withholding Estimator, an expanded, mobile-friendly online tool for everyone to have the right amount of tax withheld during the year. The Tax Withholding Estimator replaces the Withholding Calculator, which offered workers a convenient online method for checking withholdings. The newer Tax Withholding [...]

608, 2019

IRS, treasury issue guidance on making or revoking bonus depreciation elections

By |August 6th, 2019|Finance|Comments Off on IRS, treasury issue guidance on making or revoking bonus depreciation elections

The Internal Revenue Service recently issued a revenue procedure letting a taxpayer make a late election, or to revoke an election, under section 168(k) for certain property acquired by the taxpayer after Sept. 27, 2017, and placed in service by the taxpayer during its taxable year that includes Sept. 28, [...]

3007, 2019

Orlando IRS nationwide tax forum: seminars on cybersecurity, new tax law

By |July 30th, 2019|Finance|Comments Off on Orlando IRS nationwide tax forum: seminars on cybersecurity, new tax law

Tax professionals who attend the IRS Nationwide Tax Forum in Orlando, Florida, will learn the latest on cybersecurity, ethics, tax law changes for 2019 and more. The forum is being held from Aug. 13-15. Enrolled agents, certified public accountants, certified financial planners, Annual Filing Season Program participants and other tax [...]

2307, 2019

Knowing your ‘Taxpayer Bill of Rights’

By |July 23rd, 2019|Finance|Comments Off on Knowing your ‘Taxpayer Bill of Rights’

If you're a taxpayer, you should know your Taxpayer Bill of Rights. The Taxpayer Bill of Rights is a cornerstone document highlighting the 10 fundamental rights taxpayers have when working with the Internal Revenue Service. The IRS wants every taxpayer to be aware of these rights in the event they [...]

1607, 2019

Deadline nears for combat-injured vets to claim tax refunds of up to $3,200

By |July 16th, 2019|Finance|Comments Off on Deadline nears for combat-injured vets to claim tax refunds of up to $3,200

The Internal Revenue Service is reminding veterans who received disability severance payments after 1991 and claimed it as income that time may be running out to claim their refund. Veterans should take action soon if they received a notice (letters 6060-A and 6060-D) and have not already filedĀ Form 1040-X, Amended [...]