by Rupinder | Jan 24, 2018 | Uncategorized
President Trump will soon nominate Charles P. Rettig to become the next Commissioner of the Internal Revenue Service (IRS), according to a reliable media report. If nominated and confirmed by the Senate, Rettig’s initial term would run through November 12,...
by Rupinder | Jan 18, 2018 | Uncategorized
Today the FASB issued Proposed Accounting Standards Update, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The Financial Accounting Standards Board (FASB) today issued...
by Rupinder | Jan 11, 2018 | Uncategorized
Updated 2018 Withholding Tables Now Available; Taxpayers Could See Paycheck Changes by February The IRS today released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month. This...
by Rupinder | Jan 9, 2018 | Uncategorized
Security Summit Partners Warn Tax Pros of Heightened Fraud Activity as Filing Season ApproachesThe Internal Revenue Service, state tax agencies and the tax industry today warned tax professionals of early signs that cybercriminals already are at work as the nation’s...
by Rupinder | Jan 4, 2018 | Uncategorized
2018 Tax Filing Season Begins Jan. 29, Tax Returns Due April 17; Help Available for Taxpayers The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds...
by Rupinder | Dec 28, 2017 | Uncategorized
The IRS is working to develop withholding guidance to implement the tax reform bill signed into law on December 22. We anticipate issuing the initial withholding guidance in January, and employers and payroll service providers will be encouraged to implement the...
