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AICPA Recommends Form 990 Changes to IRS
The American Institute of CPAs (AICPA) offered more than 40 recommendations to the Internal Revenue Service (IRS) last week for the Form 990, Return of Organization Exempt from Income Tax, and instructions.
The American Institute of CPAs (AICPA) offered more than 40 recommendations to the Internal Revenue Service (IRS) last week for the Form 990, Return of Organization Exempt from Income Tax, and instructions.
Nearly 44,000 tax return preparers across the U.S. participated in the IRS' Annual Filing Season Program in its first year. The voluntary program was announced a year ago and designed to encourage continuing education (CE) and filing season readiness.
Tribiano is a top official at the U.S. Department of Agriculture's Food and Nutrition Service and is a commissioned officer in the Navy Reserve.
In response to the ongoing frustration of dealing with slow service from the Internal Revenue Service (IRS), the Tax Practitioner Bill of Rights calls for the right to have tax laws and rules passed in a timely manner, the right to quality service ...
The Internal Revenue Service has released proposed regulations implementing a new federal law authorizing states to offer specially-designed tax-favored ABLE accounts to people with disabilities who became disabled before age 26.
Reduced budgets and collection resources at the Internal Revenue Service (IRS) have resulted in declines in taxpayer service, case closures, and dollars collected, according to a report released today by the Treasury Inspector General for Tax ...
Taxpayers are all smiles when they are able to sell their principal residence at a sizeable gain and avoid any tax liability. Under the home sale exclusion, they can generally exclude up to $250,000 of gain from tax or $500,000 if they are married and ...
Taxpayers should keep a duplicate set of records including bank statements, tax returns, identifications and insurance policies in a safe place such as a waterproof container, and away from the original set.