Tax

Local sales tax rate changes took effect in several states on February 1, 2020. Read on for details. Alabama In Brookwood, the general rate, the rate for admissions to places of amusement and entertainment, and the rate for food for human consumption sold through vending machines increased from 2% to 3%. The withdrawal rate for […]

The National Association of Tax Professionals (NATP) will host its 2020 Tax Forums and Expo in three U.S. cities: Las Vegas; Atlantic City, New Jersey; and, new this year, Orlando, Florida.

The Internal Revenue Service has appointed Brendan O’Dell to serve as the agency’s new promoter investigations coordinator. O’Dell, currently a senior advisor in the IRS Large Business & International (LB&I) Division, will coordinate promoter activity across the agency and will serve as the point person for Commissioner Chuck Rettig and IRS leadership on promoter investigations. […]

The Internal Revenue Service has released a newly-revised tax guide, designed to help members of the military understand the many special tax benefits available to them under the law.

Since the introduction of bonus depreciation to the federal tax code in 2001, many states have disallowed this tax benefit either partially or in full. Bloomberg Tax & Accounting’s new state bonus depreciation feature includes new state books and ...

The chart below offers a general timeline of when you should receive your 2020 tax refund, based on when you filed, data from previous years, and IRS policy.

Below is a list of the 2020 sales tax holidays, with links to the most up-to-date state information provided by state tax departments. Some departments update dates and information closer to the time of the upcoming sales tax holidays.

While most IRS revenue officer visits to a taxpayer are unannounced, they will always provide two forms of official credentials, both include a serial number and photo of the IRS employee. Taxpayers have the right to see each of these credentials.