News

IRS Describes New Reporting Requirements for Certain Life Insurance Transactions
 

IRS Describes New Reporting Requirements for Certain Life Insurance Transactions

Posted: April 26, 2018
The IRS has outlined the new information reporting requirements for certain life insurance contracts under new IRC 6050Y, which was added by the Tax Cuts and Jobs Act. The new reporting requirements apply to reportable death benefits paid and reportable policy sales made after Dec. 31, 2017.

IRS Warns of New Twist on Phone Scam
 

IRS Warns of New Twist on Phone Scam

Posted: April 24, 2018
The IRS today warned of a new twist on an old phone scam as criminals use telephone numbers that mimic IRS Taxpayer Assistance Centers to trick taxpayers into paying non-existent tax bills.





IRS Warns of Tax Deadline Scams, ‘IRS Refunds’ Email
 

IRS Warns of Tax Deadline Scams, ‘IRS Refunds’ Email

Posted: April 10, 2018
With the April 17 tax deadline approaching, the IRS and Security Summit partners urge taxpayers and tax professionals to be alert to identity theft scams, especially a new email version currently pretending to be from “IRS Refunds.”


What CPAs Say Will Keep Millennials in New Jersey
 

What CPAs Say Will Keep Millennials in New Jersey

Posted: April 2, 2018
Reducing taxes, bringing more businesses to New Jersey and building affordable housing were cited as the main reasons to help millennials stay in New Jersey, say 975 respondents in a New Jersey Society of CPAs survey conducted of members in March.