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Improved Retirement Planning; The Internal Revenue Service (IRS) has updated two comprehensive IRA publications that can help the taxpayers in a better planning of retirement in the United States. With this update in the IRA publications, anyone making IRA contributions…
In order to provide other tax relief for victims of Tennessee tornadoes, the Internal Revenue Service (IRS) extends April 15, 2020 with other upcoming deadlines for the affected taxpayers. As per details, Victims of this week’s tornadoes and severe storms…
You are going to know about, IRS Expense Deductions for Meals & IRS Expense Deductions for Entertainment. The Internal Revenue Service (IRS) issues updated guidelines on the business expense deduction for meals and entertainment throughout the United States. The proposed…
IRS Tax Benefits for Military Members; The Internal Revenue Service (IRS) has issued its updated & newly-revised tax guide to explain tax benefits for the members of military in the United States. With the revised tax guide for U.S. military…
IRS Second Quarter Interest Rates 2020; The Internal Revenue Service (IRS) announced its taxpayers in United States that the interest rates will remain the same for the second quarter of the year 2020. It means that for the calendar quarter…
IRS Schedule to get tax refund; The Internal Revenue Service (IRS) started the 2019 taxation season on January 27, 2020 for most of the taxpayers in the United States. The IRS also said that once the return has been accepted…
IRS Guidance for Farmers; The Internal Revenue Service (IRS) & the Treasury Department issues guidelines & detailed procedures for farmers on uniform capitalization rules. Those U.S. farmers who have elected out of certain capitalization rules and want to apply the…
Protect Tax Software Accounts, The IRS, in collaboration with Security Summit partners, enables multi-factor authentication feature on tax preparation software products in the United States. This initiative is taken to protect tax software accounts of tax professional as well as…
The Internal Revenue Service – The IRS Guidance on Safe Harbor, releases latest & complete guidelines for the businesses to understand all basics & benefits of carbon capture credits. The latest Revenue Procedure Notice 2020-12 (PDF) contains all the answers…
The Internal Revenue Service – IRS plans to visits high income taxpayers, announces that it will increase visits to the high-income taxpayers in the United States who didn’t file their returns on time last year. To ensure fairness and compliance…