News
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January 9, 2019
Fed Ready to Pause on Interest Rate Increases
The Fed is “bordering on going too far and possibly tipping the economy into recession,” Mr. Bullard said.
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January 7, 2019
Tax Filing Season Begins on January 28
The IRS will be recalling a significant portion of its workforce, currently furloughed as part of the government shutdown, to work.
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January 2, 2019
The IRS’s Private Debt Collection Program
The weaknesses of the private debt collection (PDC) program are the limited payment options the PCA can administer for the IRS, and the use of third parties in tax collection processes.
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January 1, 2019
Relief For Small Business Tax Accounting Methods
An increase in the gross receipts ceiling is a welcome development for many enterprises.
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December 24, 2018
Know These Year-End Tax Tips for 2018
The single best move anyone can take before the end of the year to cut their 2018 tax bill is to consult a licensed tax professional and seek advice for their specific situation.
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December 20, 2018
Fed Raises Rates, Trims Forecast for Hikes in 2019 to Two
The Fed unanimously raised the federal funds rate target to a range of 2.25 to 2.50 percent.
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December 19, 2018
Government Shutdown Would Halt Many IRS Operations
If a shutdown lasts longer than five business days, the IRS human capital officer will reassess ongoing activities and identify necessary adjustments of excepted positions and personnel.
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December 19, 2018
IRS Partners With Tax Professionals to Protect Taxpayer Data
The halt to faxing transcripts is another step taken by the IRS to protect taxpayer data.