Taxes
44,000 Tax Preparers Complete Voluntary IRS Education Program
Nearly 44,000 tax return preparers across the U.S. participated in the IRS' Annual Filing Season Program in its first year. The voluntary program was announced a year ago and designed to encourage continuing education (CE) and filing season readiness.
NSA Starts Petition for Tax Practitioners Bill of Rights
In response to the ongoing frustration of dealing with slow service from the Internal Revenue Service (IRS), the Tax Practitioner Bill of Rights calls for the right to have tax laws and rules passed in a timely manner, the right to quality service ...
IRS Proposes Tax-Favored Accounts for Young People with Disabilities
The Internal Revenue Service has released proposed regulations implementing a new federal law authorizing states to offer specially-designed tax-favored ABLE accounts to people with disabilities who became disabled before age 26.
IRS Budget Cuts Affect Case Closure Rates and Dollars Collected
Reduced budgets and collection resources at the Internal Revenue Service (IRS) have resulted in declines in taxpayer service, case closures, and dollars collected, according to a report released today by the Treasury Inspector General for Tax ...
IRS Extends All Tax Incentive Empowerment Zones
Congress created Empowerment Zones in 1993. Most zones had an expiration date of Dec. 31, 2009. This is the third extension of the expiration date.
IRS Offers New YouTube Videos and Online Resources for Ex-Pat Taxpayers
By law, Americans living abroad, as well as many non-U.S. citizens, must file a U.S. income tax return. In addition, key tax benefits, such as the foreign earned income exclusion, are only available to those who file a U.S. return.
Accounting Firms Armanino & RBZ to Merge
The combined firm will be named Armanino, and will keep its RBZ Los Angeles office location at 11766 Wilshire Boulevard with partners and staff continuing to serve its clients without disruption of services.
IRS Works With Tax Software Makers and States to Fight Tax ID Theft
The IRS convened a Security Summit on March 19 with the chief executive officers and leaders of private sector firm and federal and state tax administrators to discuss emerging threats on identity theft and expand existing collaborative efforts ...