News
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September 17, 2018
IRS Extends Upcoming Deadlines, Provides Tax Relief for Victims of Hurricane Florence
The tax relief is part of a coordinated federal response to the damage caused by severe storms and flooding and is based on local damage assessments by FEMA.
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September 11, 2018
Data Theft Reporting Process For Tax Professionals
Speed is critical. If reported quickly, the IRS can take steps to block fraudulent returns in clients’ names.
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September 10, 2018
Are You Prepared for Natural Disasters?
IRS urges taxpayers to prepare for natural disasters.
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September 5, 2018
For Business Taxpayers, Payments Under State or Local Tax Credit Programs May Be Deductible
Businesses generally can still deduct business-related payments in full as a business expense on their federal income tax return.
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September 4, 2018
Warning Signs of Client Data Theft; Vigilance is Urged
Thieves use stolen data from tax practitioners to create fraudulent returns that are harder to detect.
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August 29, 2018
Professional Tax Preparers Reminded of Data Security Plan Requirements
Thieves use stolen data from tax practitioners to create fraudulent returns that are harder to detect.
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August 28, 2018
IRS Announces Adjustments to the Compliance Assurance Process Program
Changes will be effective for the upcoming 2019 application period, with additional changes expected the following year and into the future.
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August 27, 2018
Combat-zone contract workers qualify for foreign earned income exclusion
Taxpayers choosing the foreign earned income exclusion cannot take advantage of any other exclusion, deduction or credit related to the excluded income.