by | Nov 4, 2020 | Tax Tips and News
The Internal Revenue Service has unveiled changes they say will help struggling taxpayers affected by the pandemic settle their IRS tax debts more easily. The agency says it took a hard look at its collection activities to see how it could offer some relief to...
by | Nov 3, 2020 | Tax Tips and News
Most US citizens, entities, and resident aliens with a foreign bank or financial account have seen their IRS reporting deadline come and go. But for some taxpayers, one more deadline remains to file their 2019 Report of Foreign Bank and Financial Accounts, or FBAR....
by | Oct 29, 2020 | Tax Tips and News
The Internal Revenue Service is making good on its pledge to provide information and assistance to underserved communities. The agency has now made two publications that are key to tax professionals available in Spanish. Publication 947, Practice Before the IRS and...
by | Oct 28, 2020 | Tax Tips and News
Taxpayers trying to plan their 2021 deductible retirement plan contributions will be happy to learn that the Internal Revenue Service this week published Notice 2020-79. The IRS says the notice includes “income ranges for determining eligibility to make deductible...
by | Oct 28, 2020 | Tax Tips and News
The Internal Revenue Service is continuing its push to get non-filers to register so they can receive an Economic Impact Payment or EIP. In keeping with that mission, the IRS has designated Nov. 10 as “National EIP Registration Day.” It comes just a few days ahead of...
by | Oct 27, 2020 | Tax Tips and News
The Internal Revenue Service has revealed a second settlement effort for taxpayers under audit who took part in abusive micro-captive insurance transactions. This is the second such settlement offer to go out from the IRS. This second offer, however, puts forth...
