Consumer Tips to Help Tax ProfessionalsWASHINGTON — With the filing season approaching, the Internal Revenue Service joined with national tax organizations to provide people with new options to get…
Revenue Procedure 2014-64 provides an updated list of jurisdictions with which the United States has in effect an income tax or other convention or bilateral agreement relating to the exchange of…
Read more about Information Sharing on Foreign Deposit Interest
Two-Week Extension of Some Tax CreditsThe 113th Congress adjourned in the late hours of December 16 after approving a handful of judicial appointments and several pending bills. The bill, H.R. 5771,…
Read more about Congress Adjourns After Passing Tax Credit Extensions
WASHINGTON — The Internal Revenue Service is releasing a revenue procedure today providing rules for the nationwide rollout of post-Appeals mediation for Offer in Compromise (OIC) and Trust Fund…
Read more about Post-Appeals Mediation For Offers in Compromise Available Nationwide
A new revision of the Form 656-B booklet, with forms and instructions for submitting an Offer in Compromise (OIC), will be available on IRS.gov in January. The use of earlier versions after Jan. 1…
New Documents Help Tax PreparersThe Internal Revenue Service has released three documents designed to assist tax preparers in working with their clients, and best practices with regard to Individual…
Read more about ACA Basics – IRS Resources and Best Practices for Tax Preparation Professionals
Public Accounting Act Determines Qualifications for Illinois Tax PreparersThe Illinois House of Representatives and Senate have now approved legislation that will set the foundation for a program to…
Read more about Illinois Moves To Regulated Tax Return Preparers
Important Tax Law Provisions Have Taken Effect in Recent YearsWASHINGTON ― The Internal Revenue Service today reminded individuals and businesses making year-end gifts to charity that several…
Consumer Protection Initiative Aims to Train Tax PreparersContinuing education is phase two of New York’s first tax preparer regulations; training is vital because 70% of New Yorkers hire tax…
Read more about NYS Tax Department Launches NY’s First Tax Preparer Continuing Education Program
Legislation to Provide Opportunity for Americans with DisabilitiesThe US House of Representatives has passed H.R. 647, the Achieving a Better Life Experience Act’. The Act is designed to provide…
