With the summer coming up soon, your small business clients may arrange to have their teenaged kids work for the firm instead of lounging around the pool. This can provide ta advantages for bot the family and the business.
Canopy, a maker of cloud-based practice management for tax and accounting professionals, announced the commercial launch of Canopy Tax Prep. The system includes full integration between entities and with the practice management platform.
The IRS hosts forums across the country to interact with tax professionals and provide the latest information on federal and state tax issues. Attendees who register by 5 p.m. Eastern time on June 15 qualify for the early bird rate of $235.
Taxpayers can pay online, by phone or using their mobile device. Taxpayer who can’t pay in full may consider payment plans and compromise options; the IRS wants anyone facing a tax bill to know that they have many choices available to them.
The Internal Revenue Service has issued a draft of the 2020 Form W-4, Employee's Withholding Allowance Certificate (PDF), that will make accurate withholding easier for employees starting next year.
The American Institute of CPAs says it endorses the introduction of identical House and Senate bills to amend the Internal Revenue Code of 1986 to provide authority to postpone certain deadlines by reason of state declared disasters or emergencies...
On Wednesday, a federal judge ruled that Deutsche Bank and Capital One may comply with subpoenas from Congressional committees asking that the financial institutions turn over the President's personal and business financial documents.
The IRS received and processed more of every major type of form during FY 2018 than during the prior year, with the exception of estate tax returns; those filings were down slightly less than 1 percent compared to the prior year.