IRS PUSH TO UPDATE ITS COMPUTER SYSTEM

IRS push to update its computer system. The recent backlog of IRS paper tax returns has resulted in a pubic outcry over the terrible service at the IRS. While it is a bad thing, in the long run, it may be what the agency needed to get the attention of Congress, who have neglected the […]

TAXPAYER FIRST ACT OF 2019

Taxpayer first act of 2019. This legislation was signed into law on July 1, 2019. The focus of the bill is to enact changes in the IRS’s organizational structure which includes customer service, enforcement procedures, management of information technology, and improving interactions with taxpayers. By September 2020, the IRS is required to draft new organizational […]

MANY AMERICANS WILL OWE TAXES IN APRIL

Many americans will owe taxes in april. That may come as a shock after passage of the Tax Cuts and Jobs Act, but the truth is that the bill President Trump and the Congress passed is turning out to be a case by case basis, for many people. Even though the majority will get a […]

NEW SMALLER TAX FORM

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 debates, even after the elections were over, with promises of reduced paperwork […]

TAX LAW TO HURT CHARITIES

Tax law to hurt charities. The new tax law passed by Congress and signed into law by President Trump, is going to have a very negative impact on the amount charities collect. Many people are unaware of this, and the timing could not be worse. With increased numbers of Americans in homelessness and without health […]