TAXATION



Preparers Share Their Initial Problems with the TCJA
 

Preparers Share Their Initial Problems with the TCJA

Posted: July 5, 2018
Last December’s Tax Cuts and Jobs Act was the biggest change in tax administration in a generation, so it’s only natural that there would be issues with its implementation. So which problems loom first and biggest with tax preparers?

IRS Working on a New Form 1040 for 2019 Tax Season
 

IRS Working on a New Form 1040 for 2019 Tax Season

Posted: June 29, 2018
​The IRS plans to streamline the Form 1040 into a shorter, simpler form for the 2019 tax season. The new 1040 – about half the size of the current version – would replace the current Form 1040 as well as the Form 1040A and the Form 1040EZ.

IRS Steps Up Cryptocurrency Investigations
 

IRS Steps Up Cryptocurrency Investigations

Posted: June 28, 2018
The IRS has been leading the charge on cryptocurrency investigations, with more on the way now that it has access to information from at least 14,000 customers of Coinbase, one of the largest virtual currency exchanges, after a protracted court battle.

National Taxpayer Advocate Identifies Priority Areas in Mid-Year Report to Congress
 

National Taxpayer Advocate Identifies Priority Areas in Mid-Year Report to Congress

Posted: June 27, 2018
National Taxpayer Advocate Nina E. Olson has released her statutorily mandated mid-year report to Congress that presents a review of the 2018 filing season, identifies the priority issues the Taxpayer Advocate Service will address during the upcoming fiscal year and contains the IRS’s responses to each of the 100 administrative recommendations the Advocate made in her 2017 Annual Report to Congress.





The Federal Taxation Interest Group provides an open forum to discuss and educate members on Federal taxation issues, both domestic and international. 

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