This special rule normally applies to taxpayers whose farming or fishing income was at least two-thirds of their total gross income in either the current or the preceding tax year. Farmers and fishermen choosing not to file by March 1 should have ...
The AICPA recommended that Treasury and the IRS “provide guidance clarifying that if the BEA is lower in future years (either because of the 2026 expiration of the provision in the TCJA or other Congressional action), a taxpayer is allowed a deceased ...
Getting your taxes organized and filed is more than enough to handle without worrying if your personal information is vulnerable to scammers looking to cash in at your expense. Criminals may file fraudulent tax returns under your name to steal your ...
The IRS urges people with a filing requirement and a balance due to file by the April 15 deadline even if they cannot pay in full. Taxpayers in this situation should pay what they can and consider a payment plan for the remaining balance.
The state of Alabama's taxation agency and a maker of identity theft prevention technology have partnered to help prevent fraud.
As the 2019 tax filing season gets into full swing, some taxpayers are facing a surprise tax bill instead of a refund. For those who are unprepared, the Internal Revenue Service offers several payment options.
The AICPA noted that the TCJA contains numerous simplifying provisions for small businesses. In particular, the letter stated, “Small businesses that meet the $25 million gross receipts test have the ability to use the overall cash ...
In an effort to prevent tax fraud, taxpayers and tax professionals will be required to verify their identities if they call the IRS.