IRS Headlines

Category: IRS Headlines

Quick, don’t move! Seriously, stay right where you are—that is, if you live in a high-tax state. Right now, you may be wondering what the heck we’re talking about right now, so let us take a brief moment to explain. In 2019, thousands of reside...

Tax season is complicated. While we all know the tax deadline is April 15th—or at least we hope you know the tax deadline is April 15th—everything before that is a little fuzzy. Tax documents start arriving in the mail in mid-January, but for man...

Tax legislation can be hard to understand. And with large bills, it can take quite some time for all the fine details of a bill to be parsed through by experts. Case in point: The Tax Cuts and Jobs Act of 2017. Though this $1.5 trillion tax bill was ...

Your Chance to Report Offshore Foreign Accounts Ends in September

The IRS has made clear reporting offshore accounts is of utmost importance for taxpayers since 2009, with the release of the Offshore Voluntary Disclosure Program. It’s reached the point where the IRS has decided to close the program on September 2...

Do You Have A Refund Waiting? $1.1 Billion Yet to be Claimed from 2014

Could you be one of the 1 million taxpayers that have an unclaimed refund from 2014? A recent report from the IRS confirms that over $1 billion is waiting to be claimed by these taxpayers that did not file a 2014 return. Many of the taxpayers are bel...

What Employers Need to Know About Changes to the ACA

The new tax law made big changes to the ACA, but employers can’t fall into the trap of thinking it’s gone or just ignoring it. Here’s what you still need to do to remain in compliance. What Made It Into the Tax Cuts and Jobs Act Cha...

Bit Into Bitcoin? What You Need to Know for Tax Season

If you haven’t noticed, Bitcoin and other virtual currencies have landed on the scene, and with its current performance in the stock market, it seems with good footing. With these new investments come many questions – importantly, how does th...

Listen Up

You may have taken this credit before, but starting in 2016, the IRS is changing up the rules for an even bigger benefit. The research tax credit, or R&D tax credit, was started in 1981 to stimulate the economy and incentivize innovation, and it ...

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