New Aggressive IRS

New IRS standard mileage rates. The optional standard mileage rates for business use of a vehicle will decrease slightly in 2020 after increasing significantly in 2019, the IRS announced in Notice 2020-05. For business use of a car, van, pickup tr... Read More

IRS and Treasury issue guidance. In our ongoing articles related to Tax Court, we are going to discuss an update from the IRS and Treasury Department related to Global Intangible low taxed income, or what is referred to as GILTI. Whenever tax law ... Read More

IRS to improve EITC program. National Taxpayer Advocate Nina Olson has released a special report on the Earned Income Tax Credit, EITC, which makes recommendations designed to increase the participation rate of eligible taxpayers and reduce overcl... Read More

New IRS Commissioner with new ideas. As the IRS's new top administrator, Charles Rettig will focus on maintaining and building ties with practitioners, he told CPAs at the AICPA National Tax Conference in Washington. After all, until Rettig's swea... Read More

IRS plans to hire seventeen hundred. With a cash infusion and a new strategic plan, the Internal Revenue Service is planning to hire some 1,700 full time customer service representatives as it implements the new tax law, its acting chief told the ... Read More

IRS cracking down on tax break. This has just made the news. Here is what you need to know. After the Tax Reform passed by Congress, most tax professionals became aware of a tax break for pass through businesses. The IRS proposed a new rule, givin... Read More

New standard mileage rates. These are in effect for tax year 2018 have been published in IRS publication Notice 2018-42. This notice modifies Notice 2018-03, 2018-2 I.R.B. 285 (released to the Public on December 14, 2017), in light of Public Law 1... Read More

New smaller tax form. A new smaller tax form was one of the biggest goals of the new administration and Congress during the last election cycle was simplification of the tax code. You heard it mentioned in the campaign's, during the contests, the ... Read More

IRS and private debt collectors. Is IRS has been preparing to use private debt collectors for some time now. Its been a long time since the IRS used private debt collectors, in fact you would have to go back to President George H.Bush's time in of... Read More

New IRS tax scams. The IRS website, IRS.GOV, has released its list of the new IRS tax scams for 2018. Number one was Phishing scams. Tax Practitioners were hit hard in 2018 and the IRS came out with publication IR-2018-39, which gives detailed inf... Read More