The IRS has just released news of waiving the penalty for many taxpayers whose tax withholding and estimated tax payments fell short in 2018. The following was posted by [...]
Taxpayers who owe money to the IRS often feel helpless and procrastinate, waiting for the IRS to force collection. There are many ways that a taxpayer can take the [...]
It seems like phone scams are getting more prevalent. On the good side, more information is getting out to the public, so folks are forewarned about these things and [...]
It’s that time of year again! No, not tax season…. scam season! This seems to be a pattern over the last few years that with the increased focus on tax [...]
I have mentioned this topic in prior blogs, but the IRS issued a new reminder this week and I thought it couldn’t hurt to discuss the issue again. For seriously [...]
Another big question coming from many clients regarding the new Act’s effect on their returns is about home ownership. Traditionally, tax law provides numerous incentives for home ownership by [...]
The Tax Cuts and Jobs Act was signed by President Trump on December 22nd and is now law! The new law makes sweeping changes to the U.S. tax code [...]
The House of Representatives has passed a tax reform bill, which for the first time since the 1980’s, would enact fairly comprehensive changes to our Tax Code. The Senate is [...]
IRSAC Issued Annual Report for 2017 The IRSAC (Internal Revenue Service Advisory Council) is a federal advisory committee that reports to the IRS Commissioner. Check out the full post on [...]
Time to Renew Expiring ITINS For taxpayers who require an ITIN (Individual Taxpayer Identification Number), now is the time to renew it before the end of the year. Click here [...]
From the Desk of Michael T. McCormick Tax Reform Looks like a coalition of Administration, Senate and House leaders have reached a tentative tax plan. The below is a rough [...]
From the Desk of Lauran L Stevenson Tax Relief for Victims of Hurricane Irma Hurricane Irma left record breaking damage in its wake, leaving many taxpayers in uncertainty for the [...]
