tax Archive

TweetShareSharePin0 Shares News PROCEDURE & ADMINISTRATION By Martha Waggoner For the first time since the onset of COVID-19, the IRS is holding its in-person forums for CPAs and other tax professionals. The IRS said in a news release on Thursday that registration is open for this summer’s 2023 IRS Nationwide Tax Forums in five

TweetShareSharePin0 Shares This is the third part in a three-part series on the IRS’s DUPTIN screening procedure and electronic return rejections by Justin Schwegel. Click here for Part I and here for Part II. Keith To recap parts I and II, the IRS employs an automated screening procedure to reject the second tax return filed

TweetShareSharePin0 Shares Welcome to our monthly podcast in Portuguese, É da sua conta (‘it’s your business’) produced and hosted by Grazielle David and Daniela Stefano. All our podcasts are unique productions in five different languages – English, Spanish, Arabic, French, Portuguese. They’re all available here. Here’s the latest episode: É possível extrair minérios sem extrair vidas? Sim, mas é necessário cumprir e fortalecer as regulações e fiscalização do

TweetShareSharePin0 Shares North Dakota was unable to add its name to the long list of states that enacted individual income tax rate reductions in 2022, but only because the state holds regular legislative sessions in odd-numbered years. Now policymakers in Bismarck appear determined to make up for lost time. Last week, the North Dakota House

TweetShareSharePin0 Shares President Biden: “I’m going to raise some taxes.” Previewing the budget plan he’ll release on March 9, President Biden said in a speech this week that tax increases are necessary, touting the recently enacted 15 percent corporate alternative minimum tax and urging tax increases on those earning over $400,000 a year. For their

TweetShareSharePin0 Shares President Biden may propose allocating revenue from the 2010 Affordable Care Act’s Net Investment Income Tax (NIIT) to maintain solvency of Medicare’s Part A Hospital Insurance (HI) Trust Fund. Two highly placed sources say the proposal may be included in the budget Biden is due to release on March 9. Shifting those funds

TweetShareSharePin0 Shares The IRS’s duplicate taxpayer identification number (DUPTIN) procedure unnecessarily rejects electronic returns and creates harm for individuals seeking to file their taxes.  Guest blogger Justin Schwegel has written a three-part series that explains the process and takes us through some of the problems created when the IRS rejects a valid return because it