by | Jul 17, 2020 | Tax Tips and News
The Internal Revenue Service, along with the U.S. Treasury Department, has released a draft version of a proposed new-and-improved partnership form for tax year 2021. The aim is to provide “greater clarity for partners on how to compute their U.S. income tax...
by | Jul 17, 2020 | Tax Tips and News
Tax professionals across the country wrapped up a unique filing yesterday. While some still have to contend with an imposing stack of extensions that will be due on October 15, many are making plans to prepare for next filing season. It turns out that you should make...
by | Jul 15, 2020 | Tax Tips and News
This time it’s for real. The income tax filing and payment deadline has finally come around. Pushed back from its normal April 15 slot because of the COVID-19 pandemic, the deadline means it’s finally time to get the job done. With the deadline pushed back to give...
by | Jul 12, 2020 | Tax Tips and News
The IRS has been steadily working through its IVES backlog. Here’s some good news for a change: The Internal Revenue Service today issued an IVES Program update announcing that the Income Verification Express Services (IVES) will start accepting new submissions on...
by | Jul 10, 2020 | Tax Tips and News
The American Institute of CPAs is asking the Internal Revenue Service to further extend the deadline for filing and paying income taxes. The deadline for filing and payment of tax due is July 15, and the IRS says the agency won’t push back the deadline further....
by | Jul 8, 2020 | Tax Tips and News
The Internal Revenue Service says it has expanded its list of retail partners who accept cash payments for federal taxes. This cash payment option is available for individual and business taxpayers alike. The IRS has a continuing partnership with ACI Worldwide’s...
