The Internal Revenue Service issued a memorandum that provides interim guidance to the agency’s compliance staff on requests to designate issues for litigation.
IRS Updates Procedures for Designating Taxpayer Disputes for Litigation Read More »
Tool plans that claimed to pay employer reimbursements or rental fees to employees who used their own tools in their jobs were abusive tax schemes. The Tax Court imposed civil penalties on two executives of CMS, the company that developed the arrangements and falsely marketed them as accountable plans to reimburse employee expenses. Why Mischaracterize
Tool Reimbursement, Rental Arrangements Were Abusive Tax Schemes Read More »
As the 2019 tax filing and payment deadline approaches, the IRS reminds taxpayers and businesses that 2019 income tax liabilities as well as postponed April 15 and June 15, 2020 estimated tax payments are due July 15, 2020. This postponement provided temporary tax relief in response to the COVID 19 pandemic.
July 15 Tax Payment Deadline Approaching Read More »
Congress recently enacted legislation that formally requires the IRS to maintain its Office of Appeals.
Taxpayer First Act Affirms and Strengthens Administrative Appeal Rights Read More »
Employers who provide paid family and medical leave to their employees might qualify for a credit that can reduce the taxes they owe. It’s called the employer credit for family and medical leave.
Employer Benefit for Family and Medical Leave Read More »
The Taxpayer First Act (July 1, 2019) is considered the most significant tax legislation focused on Internal Revenue Service (IRS) reform since the IRS Restructuring and Reform Act of 1998.
The Taxpayer First Act Read More »
The new tax reform law, commonly called the “Tax Cuts and Jobs Act” (TCJA), is the biggest federal tax law overhaul in 31 years, and it has both good and bad news for taxpayers.
Highlights of the New Tax Reform Law Read More »