IRS Notice 2020-71: Special Per Diem Rates Announced

The IRS released its annual notice which provides the Special Per Diem rates for taxpayers to use in substantiating the amount of...

The Neverending Tax Story – October 15th Disaster Deadlines Pushed

2020 is the year of the neverending tax seasons. The original April 15th deadline was pushed to July 15th and now we...

IRS Selects 10 New Members for Electronic Tax Administration Advisory Committee

The following individuals have been appointed to serve three-year terms on the ETAAC beginning in September 2020: Dmitri Alexeev,...

IRS Recommends Recipients Should Have Tax Withheld From Unemployment

Unemployment compensation is taxable and the IRS recommends that recipients have taxes withheld. This recommendation is being made by the IRS in...

Is it a Hobby or a Business?

You’re a tax professional, so I don’t need to tell you that whether your client thinks his hobby is just a hobby...

Forbes: IRS And Treasury Issue Guidance On Trump’s Payroll Tax Deferral

The Treasury Department released long-anticipated guidance on President Trump's tax holiday memorandum last week. This article linked below written by Forbes Contributor...

IRS Accepting Limited Digital Signatures

On Friday, the IRS announced that it will temporarily accept digital signatures on a handful of forms that cannot be filed electronically....

Forbes: Payroll Tax Cut Starts September 1

President Donald Trump issued a payroll tax holiday through an executive memorandum, that began on September 1, 2020.

Compliance Assurance Process

The Compliance Assurance Process (CAP) was developed by the Large Business and International (LB&I) Division of the IRS to improve the federal...

IRS Form 1040-X Electronic Filing   

“The ability to file the Form 1040-X electronically has been an important long-term goal of the IRS e-file initiative for many years,”...

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The Complicated Relationship of Accountants and Politics

It all boils down to one thing – how are we going to pay for that? Every law that is signed into...

Latino Tax Fest (Virtual) 2020 to take place October 27-29

Just in case you haven't heard and are looking for some year-end CPE, IRS CE credits or...

Six Reasons Tax Software Sucks

With all the change, tragedy, and frustration 2020 has brought, it also has the distinction of the longest tax season in American...