As the old adage goes, April showers bring May flowers. That especially rings true in the tax world! With Tax Season 2019 officially in the books, tax pros finally have some time to stop and smell the roses. Whether you’ve been relaxing,…
Displaying: Tax News
IRS Penalty Waiver Expanded
The IRS announced they are expanding penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is also lowering to 80 percent the threshold required to…
5 Myths about Tax Refunds (and How to Check on the Status Tax Refunds)
The Internal Revenue Service (IRS) recently put out a news release dispelling 5 myths about tax refunds (and how to check on the status of tax refunds). Thanks to a new tax refund tracking tool that the IRS has developed, you can…
January Tax News Recap: Tax Law Changes Here We Come
If you thought there wouldn’t be much in the way of tax news in January during the government shutdown, you would be wrong. January was an exciting month, as the IRS clarified rules that were changed or introduced in the Tax Cuts…
December Tax News Recap: Shutdowns, Changes, and more Scams
Oh December! As the world winds down for the holidays, tax preparers gear up for tax season – a season that is bound to be a tough one between the threat of a government shutdown and all of the tax law changes…
November Tax Talk Live Broadcast
Did you miss our November Tax Talk Live Broadcast on Facebook Live? Each month, Enrolled Agents Ty and LuSundra? They spent some time covering the latest phishing scams and how to avoid them – especially sneaky scams that specifically target tax preparers.…
November Tax News Recap: Tax Pros Have New Verification Option for IRS e-Services, Plus Higher Enrolled Agent Fees
As you probably would expect, tax news and updates are coming fast and furious as we get closer to January 1. One important new development is that the IRS has added student loans to the list of ways professional tax preparers…
October Tax News
This year sure is flying by! While we’re about to slow down and engage in a series of family holidays that all seem to involve eating large quantities of food, the IRS doesn’t seem to be slowing down. We’ve got a lot…
Tax Talk: September Tax News Round-up
As we get closer to the end of the year, there’s plenty of important tax news to go over. One of the most exciting stories is that our founder and CEO, Chuck McCabe, has been named one of Accounting Today’s “Top 100…