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IRS Gives Relief to Financial Institutions Regarding RMDs
The Internal Revenue Service has provided relief to financial institutions that were expected to provide required minimum distribution (RMD) statements to IRA owners by Jan 31, 2020.
The Internal Revenue Service has provided relief to financial institutions that were expected to provide required minimum distribution (RMD) statements to IRA owners by Jan 31, 2020.
The deadline to file a 2019 tax return and pay any tax owed is Wednesday, April 15, 2020. More than 150 million individual tax returns for the 2019 tax year are expected to be filed, with the vast majority of those coming before the April 15 tax deadline.
Depending on a client’s situation, contributions made to an IRA in 2020 may be wholly or partially tax deductible on a 2019 tax return. This is an opportunity for clients to reduce their tax liability after the close of the tax year.
According to the latest data, the IRS is finally putting a dent in the estimated $441 billion “tax gap” through its private debt collection program. But there’s still a long way—a very long way— to go.
According to the IRS, a ghost preparer does not sign a tax return they prepare. Unscrupulous ghost preparers will print the return and tell the taxpayer to sign and mail it to the IRS. For e-filed returns, the ghost will prepare but refuse to digitally...
Online reviews continue to be one of the most important criteria used to select products and services, including services from local professionals like tax pros and accountants. A 2019 survey by BrightLocal showed that 82% of consumers read online ...
The platform bridges the various indirect tax management functions into one simplified workflow, easing the compliance burden in addition to providing insight for strategic management.
H&R Block earned 100% in the Human Rights Campaign’s 2020 Corporate Equality Index. For its perfect score, the company also was recognized as one of HRC’s “Best Places to Work for LGBTQ Equality.” The Human Rights Campaign evaluated the company on ...