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Articles

Tax Practitioner Groups Unite to Recommend IRS Taxpayer Service Improvements
Nine organizations representing diverse segments of the tax practitioner community today presented to federal lawmakers a comprehensive set of recommendations designed to improve services provided by the Internal Revenue Service (IRS) to...
Free File Tops 50 Million Users; Saves Taxpayers $1.5 Billion Since Inception
The Internal Revenue Service announced today that Free File – the pioneering public-private partnership that makes free tax software available to 70 percent of taxpayers – recently surpassed 50 million users since the program started....
IRS, States, Tax Industry Warn of Last-Minute Email Scams
The Internal Revenue Service, state tax agencies and the tax industry today warned both tax professionals and taxpayers of last-minute phishing email scams, especially those requesting last-minute deposit changes for refunds or account updates....
Most Americans Struggle with Basic Tax Concepts, Survey Finds
Maybe this comes as little surprise to tax practitioners and CPAs, but a new survey by NerdWallet indicates that a significant number of Americans aren’t too sharp about basic tax rules.    The good news is there’s certainly more...
IRS Alerts Practitioners of e-Services Account Suspensions
The IRS announced on Monday that as of Sunday it has suspended the e-Services accounts of users who failed to verify their identities in accordance with letters sent out in December (see " IRS Announces Start of e-Services Re-Registration ", Nov....
5 Biggest Sales and Use Tax Risks for Businesses
The long-simmering issue of varying regulations for state and online sales boils up in Wolters Kluwer Tax & Accounting’s recent sales and use tax compliance survey the majority of sales tax professionals citing interstate tax liabilities as...
FASB Issues Guidance Clarifying the Definition of a Business
The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that clarifies the definition of a business. The ASU affects all companies and other reporting organizations that must determine whether they have...
Prepared Remarks of Commissioner John Koskinen on 2017 Filing Season Kickoff
We’re here today to let everyone know about some important changes for the upcoming tax filing season, which begins in just a couple of weeks. We also want to take this opportunity to remind taxpayers of what they need to do to protect...
Charitable Contributions Are NOT Considered in Domicile Determinations, According to New DRS Policy Statement
As the year draws to a close, many people plan their annual giving. Some may be reticent to give to Connecticut charities or join Connecticut boards fearing that their gift of time or assets may jeopardize their non-Connecticut domicile. On...
In 2017, Some Tax Benefits Increase Slightly Due to Inflation Adjustments, Others Are Unchanged
The Internal Revenue Service today announced the tax year 2017 annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2016-55 details about these annual...

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