by AT | Mar 29, 2019 | Business Clients - Updates in US
IRS Publication 5318 provides an overview of many of the 2017 Tax Cuts and Jobs Act changes that affect business taxes. Topics include: Qualified business income deductionDepreciationBusiness related losses, exclusions and deductionsOther miscellaneous provisions...
by AT | Mar 27, 2019 | Business Clients - Updates in US, Personal Clients - Updates in US
Form 656 is used when applying for an Offer in Compromise (OIC), which is an agreement between you and the IRS that settles your tax liabilities for less than the full amount that you owe. The 2019 revision of Form 656-Booklet, Offer in Compromise (OIC) is available...
by AT | Mar 23, 2019 | Personal Clients - Updates in US
WASHINGTON — The Internal Revenue Service today provided additional expanded penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is lowering to 80 percent...
by AT | Mar 14, 2019 | Personal Clients - Updates in US
WASHINGTON ― The Internal Revenue Service today reiterated its warning that taxpayers may not be able to renew a current passport or obtain a new passport if they owe federal taxes. To avoid delays in travel plans, taxpayers need to take prompt action to...
by AT | Mar 11, 2019 | Business Clients - Updates in US, Personal Clients - Updates in US
WASHINGTON — The Internal Revenue Service today reminded taxpayers and tax professionals that they will be asked to verify their identities if they call the IRS. The days before and after Presidents Day mark the peak period for taxpayer phone calls to the IRS. To...
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