Tax information from the IRS and shared by Vernoia, Enterline + Brewer, CPA LLC.

Reporting QOF Investments

Deferring Capital Gain with QOF Investments QOF investments offer taxpayers immediate tax savings—but more importantly, they also offer potentially extraordinary savings to long-term investors.

IRS Launches Identity Theft Central

The Internal Revenue Service today launched Identity Theft Central, designed to improve online access to information on identity theft and data security protection for taxpayers, tax professionals and businesses.

Enforcement of Syndicated Conservation Easements

The IRS is increasing enforcement actions for syndicated conservation easement transactions including more coordinated examinations across IRS divisions and more criminal investigations.  The goals of these audits may uncover billions of dollars of potentially inflated charitable contribution deductions for qualified conservation easements made through partnerships and limited liability companies (LLCs).

What to Know About Getting a Tax Refund

Tax returns and tax refunds are unique and individual. This is something for taxpayers to remember next year when someone they know says or posts on social media about receiving a federal tax refund.

Tax Exempt Organizations File e-file Forms

The Internal Revenue Service said today that the Taxpayer First Act, enacted July 1, requires tax exempt organizations to electronically file information returns and related forms. The new law affects tax exempt organizations in tax years beginning after July 1, 2019.

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