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The IRS added six new schedules that some taxpayers will file with the 2018 Form 1040 (which replaced the old 1040, 1040EZ, and 1040A). Some commonly used lines on the prior...
The federal government was partially shut down from December 22-January 25, the longest shutdown in U.S. history. There were 800,000 government employees who were not getting...
A lot happened this year in the world of tax. With the passing of tax reform at the end of 2017, 2018 was filled with the IRS issuing guidance, economists offering projections,...
In 2016, the IRS started using private collection companies to collect overdue federal tax debts. This year the IRS will be ramping up that private debt collection program. During...
It’s November 10, and you know what that means—it’s International Accounting Day. Today’s the day we recognize the number professionals who help us file taxes, manage retirement...
On November 1, the IRS announced increases to contribution limits for 401(k)s, IRAs, and other retirement accounts due to cost of living adjustments. Here’s an overview of what...
The IRS recently changed the format of tax transcripts for individuals to a redacted transcript. In an effort to safeguard taxpayer information from cybercriminals, all personally...
It’s been nine months since the new tax law was passed, and this month Tax Reform 2.0, a series of three bills, was released. The House Ways and Means Committee passed Tax Reform...
The European Union (EU) will soon experience the biggest change to data protection laws in 20 years with the introduction of the General Data Protection Regulation (GDPR). The...
On Feb. 28, the IRS announced a new version of Form W-4 and an updated Withholding Calculator, incorporating changes made under the Tax Cuts and Jobs Act.
It’s been 30 days since the Tax Cuts and Jobs Act passed, and companies around the U.S. have already been responding. Because of the corporate tax rate being cut from 35% to 21%,...
Have you ever woken up on November 10th and thought to yourself: “whoa, is that some extra appreciation I’m feeling?” If you haven’t thought that yet, start this year, because...
As the holidays approach, many taxpayers have travel on their minds and some of your clients may be affected by the Fixing America’s Surface Transportation Act (FAST Act). This...
Having problems pulling IRS transcripts electronically? The IRS is gearing up for maintenance and an upgrade to e-Services, so there will be times from this week through June when...
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