TAXATION

Assessing the Trump and GOP Tax Plans
 

Assessing the Trump and GOP Tax Plans

Posted: May 9, 2017
President Trump’s updated tax plan for individuals and businesses has a lot in common with the House GOP plan but they differ in their approach to individual tax brackets, standard deductions/exemptions, repatriation and what the corporate tax rate should be.


ACA Executive Order Doesn
 

ACA Executive Order Doesn't Void the Rules for CPAs

Posted: March 19, 2017
The IRS response to a presidential executive order concerning the Affordable Care Act has created some uncertainty about whether tax returns need to include ACA information. Here are legal and ethical issues for CPAs to consider.

IRS Adopts New Offer in Compromise Policy
 

IRS Adopts New Offer in Compromise Policy

Posted: March 17, 2017
Offer in Compromise applications will now be returned without consideration in instances where the taxpayer has not filed all required tax returns.

Proposed PPACA Replacement Bills Contain Many Tax Changes
 

Proposed PPACA Replacement Bills Contain Many Tax Changes

Posted: March 8, 2017
The bills would repeal most of PPACA’s provisions and would enact a new system that would offer tax credits to help taxpayers afford health insurance and would eliminate the mandate which requires individuals to have health insurance.

IRS Interest Rates Remain the Same
 

IRS Interest Rates Remain the Same

Posted: March 7, 2017
The IRS has announced that interest rates will remain the same for the calendar quarter beginning April 1, 2017.


IRS Makes Approved Form 1023-EZ Data Available Online
 

IRS Makes Approved Form 1023-EZ Data Available Online

Posted: February 23, 2017
Publicly available information from approved applications for tax exemption using Form 1023-EZ, Streamlined Application for Recognition of Exemption, is now available electronically for the first time.

IRS "Dirty Dozen" Tax Scams for 2017
 

IRS "Dirty Dozen" Tax Scams for 2017

Posted: February 17, 2017
The annual "Dirty Dozen" list of tax scams highlights various schemes that taxpayers may encounter throughout the year, many of which peak during tax-filing season.

Unverified e-Services Accounts Now Suspended
 

Unverified e-Services Accounts Now Suspended

Posted: February 6, 2017
As of Sunday, February 5, the e-Services accounts for users who failed to verify their identities with the IRS have had their accounts suspended.