Tag Archives: IRS

The Service recently responded to widespread confusion surrounding changes made through the Tax Cuts and Jobs Act by announcing that taxpayers can often still deduct interest on a home equity loan, home equity line of credit or second mortgage, without regard to the label placed on the loan. Tax reform imposed a lower limit of […]

Did you know that, as part of the IRS’s new program, whistleblowers may recover 15 to 30 percent of the amount collected (provided the taxes and amounts in dispute exceed $2 million)? The fact is that over the last 10 years, the federal government issued record-breaking awards to whistleblowers to reward those who report misconduct. Several federal agencies […]

Here’s what you need to know about Revenue Procedure 2017-34.

We talked to Craig W. Smalley, EA, Founder & CEO of CWSEAPA, PLLC, a multi-state tax firm, about a phishing scam that’s targeting tax professionals. CPAs, EAs, and tax preparers: find out how not to become a victim.

IRS

The IRS announced the latest “Dirty Dozen” scams. As this year’s tax season nears the finish line, keep in mind that taxpayers are subject to these scams year-round.

surprise-tax-returns-c-corporation

On January 17, the IRS published draft Form 7004 Instructions, extending the due date for C corporation returns to October 15, 2017.

foreclosure-property-sale

Lien Foreclosure & Subsequent Sale of Property Owned by Innocent Party was recently OK’d in District Court. Surgent’s Director of Tax & Advisory Content shares his thoughts on why tax delinquency issues should be explored among co-owners prior to purchase and titling.

recalculate-tax-treatment

The IRS posted guidance (2017-15) permitting same-sex married couples to recalculate the prior transfer tax treatment of gifts and bequests made before the U.S. Supreme Court deemed Defense of Marriage Act (DOMA) unconstitutional.

tax season-2017-playbook

As you prepare to file taxes for your clients and yourselves this tax season, we’ve highlighted the most important tax court decisions, tax law changes, and IRS rulings that will impact your filings.

files-tax-audit

No business owner wants to be faced with an IRS audit, and some may never have to, but if you receive a tax audit notice, be prepared with these 5 tips.