by Rupinder | Mar 11, 2020 | Uncategorized
This morning, news outlets have begun reporting that the IRS is considering pushing back the April 15th tax filing deadline in response to the coronavirus outbreaks. The Hill and Bloomberg have sited “Treasury officials” who are looking at this option to relieve the...
by Rupinder | Mar 3, 2020 | Uncategorized
IRS GUIDANCE Revenue Ruling 2020-05 The IRS recently released Revenue Ruling 2020-05 which updates guidance that was published earlier in Revenue Rulings 2009-13 and 2009-14. These changes reflect adjustments of the basis of life insurance contracts resulting from the...
by Rupinder | Feb 27, 2020 | Uncategorized
Today, February, 22, 2020, the U.S. Treasury Department and Internal Revenue Service (IRS) announced the appointment of Erin M. Collins to serve as the National Taxpayer Advocate (NTA). Ms. Collins has twenty years of experience as a Managing Director of KPMG’s Tax...
by Rupinder | Feb 24, 2020 | Uncategorized
On February 19, 2020, the National Society of Accountants (NSA) responded to the IRS request for comments on the proposed IRS restructuring contained in the Taxpayer First Act (TFA). The suggestions come as a response to the solicitation for industry commentary...
by Rupinder | Feb 5, 2020 | Uncategorized
Tax preparers are required by law to protect taxpayer information. Each tip we’ve shared with you over the 12 days of cybersecurity helps you stay safer in the online world. NSA wants you to stay safe, not only because taxpayers are at risk, but because you’re a...
