New Tax Form 8996; The Internal Revenue Service (IRS) and the Treasury Department of the United States propose opportunity zone tax form. According to the details, a draft version of a proposed tax form is released jointly by the IRS…
IRS Issues Tax Inflation Adjustments; The Internal Revenue Service (IRS) provides the tax year 2020 annual inflation adjustments including the tax rate; schedules as well as other tax changes in the United States, applicable for 60 plus tax provisions. To…
IRS Increases 401 Contributions; The Internal Revenue Service (IRS) today announced that all employees throughout the United States in 401(k) plans will be eligible to contribute up to $19,500 next year in 2020. Further changes have been made in Notice…
IRS Corporate Audits – Speeding Up Plan Implementation; The IRS is not proven efficient to audit corporations and businesses in the United States. Despite of all changes and improvements in the tax examinations conducting criteria of IRS, the agency is…
IRS Waives Late Tax Filing; The IRS has expanded the tax penalty for the year of 2018 for all taxpayers in the USA. With this great news of no penalty on late tax filing in USA. The taxpayers are getting…
The Internal Revenue Service (IRS) announced that the tax year 2018 extended tax deadline was 15th October, 2018. With the announcement of the extended tax due date for the year 2018. Most of the taxpayers in the United States got…
The Internal Revenue Service (IRS) alerts the tax professionals as well as taxpayers throughout United States about the caution of a new scam regarding the cancellation of their social security number (SSN). According to the IRS, all tax professionals in…
The Internal Revenue Service (IRS) issues a set of final regulations regarding the new information reporting requirements for certain life insurance contract transactions and modifications to the transfer for valuable consideration rules in the United States. You can view the…
The Internal Revenue Service (IRS) today releases a press to urge all tax professionals and tax return preparers throughout the United State to renew their Preparer Tax Identification Numbers (PTIN) as soon as possible in 2019. The statement is made…
The Internal Revenue Service (IRS) recommends all small, medium and commercial scale business owners to e-file their payroll taxes in the United State of America. 31st October 2019 is the payroll quarterly returns due date, as announced by the Internal…