IRS Accepting Limited Digital Signatures

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

Compliance Assurance Process

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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   

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“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,”...

IRS Form 8300

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How many forms does the IRS actually have? Does anyone at the IRS know? I’d love to know the answer to that...

CARES Act Provides Relief for Eligible Taxpayers: Withdraw from IRAs or Workplace Retirement Plans

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Individuals who are eligible for coronavirus-related relief may be able to withdraw up to $100,000 from IRAs or workplace retirement plans before Dec. 31, 2020, if...

Update on Implications of Changing the April 15 Due Date

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This is an update from a previous article from April 2020. If the last month has felt like an...

Deadline NOT Adjusted Again – Remains July 15

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As you may know due to COVID-19, the tax filing and payment due date for individual taxpayers was moved from April 15th to July 15th. Many thought that, due to the climate of the economy, they would postpone the deadline again. But on June 29th, The Department of the Treasury announced they will not be further postponing the deadline.

Renewable Energy Tax Relief

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The Treasury Department and the IRS provided tax relief for taxpayers that develop renewable energy projects that produce electricity from sources such as wind,...

Implications of Changing the 4/15/2020 Due Date

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If the last month has felt like an episode of the Twilight Zone for you, let me tell you that you are not alone. Let's dive into the 4/15/2020 deadline change and every implication to you and your clients.

Tax Preparer Beware! 280E Challenges Ahead

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For preparers planning to work on cannabis business returns this filing season, pay close attention to the rules related to this industry....

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The Complicated Relationship of Accountants and Politics

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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

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

Six Reasons Tax Software Sucks

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