The PATH Act change added a special rule for a beneficiary of a 529 plan, usually a student, who receives a refund of tuition or other qualified education expenses. This can occur when a student drops a class mid-semester. If the beneficiary ...
In 28 States and the District of Columbia, cannabis is legal in one way or another. The problem is when you are dealing with the Federal Government. Cannabis is an illegal Schedule I Narcotic. That being said, when it comes to cannabis, legal ...
The IRS Office of Professional Responsibility (OPR) as hreached a settlement agreement including a monetary penalty with a tax practitioner for violating professional rules of conduct set forth in Circular 230. His firm also accepted responsibility for ..
The practitioner was retained by a client to take specific actions as required by a settlement agreement executed between the client and a third party. The settlement agreement directed transfers from the client to the third party.
VAI, a leading ERP software developer, announced it has partnered with Vertex, Inc., a leading provider of tax technology and services, to simplify and streamline tax calculations and reporting. Through this partnership, VAI customers now have ..
The American Institute of CPAs (AICPA) has submitted recommendations to the Internal Revenue Service (IRS) in response to Notice 2018-24, Request for Comments on Scope of Determination Letter Program for Individually Designed Plans during Calendar ...
The National Association of Enrolled Agents, an organization that represents 55,000 federally-licensed tax professionals has been invited to testify at a U.S. Senate hearing focused on IRS reform this Thursday, July 26, 2018 at 10:30 a.m.
The Internal Revenue Service is reminding owners of most heavy highway vehicles that the time to file Form 2290, Heavy Highway Vehicle Use Tax Return, began July 1, 2018.