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IRS Scammer Gets Called by the BBB
Here is a scammer and a buster from the BBB. Beware that you should never give our your personal information to someone you don't know over the phone. To learn more about scams, visit bbb/org/scamtips.
Here is a scammer and a buster from the BBB. Beware that you should never give our your personal information to someone you don't know over the phone. To learn more about scams, visit bbb/org/scamtips.
We generally assume that it is advantageous for a married couple to file jointly (MFJ) – it may almost feel natural to file a married filing separate tax return (MFS). That’s because filing joint returns comes with many well-known benefits, including a lower tax bracket at both the federal and state level, a larger standard […]
When the IRS certifies a taxpayer as owing a seriously delinquent tax debt, the taxpayer receives a Notice CP508C from the IRS. The notice explains what steps the taxpayer needs to take to resolve the debt. IRS telephone assistors can help ...
Tax professionals are being advised by the IRS that they should report data theft immediately and follow an established process for helping the IRS protect their clients.
The AICPA stated in its letter to the IRS, “Failure to apply section 481(d) to QSubs owned by an eligible terminated S corporation effectively means that section 481(d) will apply only to S corporations to the extent that their operations are not ...
Section 199A can be a gold mine for owners of pass-through entities and sole proprietors. Thanks to this provision authorized by the Tax Cuts and Jobs Act (TCJA), a qualified taxpayer can annually deduct up to 20% of its qualified business income (QBI), effective for 2018 through 2025. But the TCJA deduction is fraught with […]
The Sales Tax Institute will present the first ever Sales Tax Nerd award this fall to celebrate professionals that are dedicated to the study and practice of sales tax.
The Internal Revenue Service says it will automatically waive the estimated tax penalty for the more than 400,000 eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver. The IRS will apply this waiver ...