Tag Archives: IRS

Surgent course helps tax professionals conquer Inflation Reduction Act

Surgent’s first-to-market CPE course covers the IRA’s new tax provisions in detail, equipping participants to properly advise their individual and business clients if and how the tax changes impact their tax planning.

IRS tax training: 5 reasons to earn the AFSP – Record of Completion

Did you know that there are more than 400,000 tax preparers who don’t complete any approved ongoing tax education? How can they claim to be competent when they don’t keep up with ever-changing tax rules and regulations? Worse yet, how many of them are hucksters lurking in the shadows, preying on those who don’t understand […]

Last year, the IRS announced new Schedules K-2 and K-3 for the 2021 tax year. These schedules were introduced to standardize the reporting of international tax items that were previously reported on Schedule K-1. The IRS published updated instructions for Forms 1065, 1120-S and 8865 on Jan. 18, 2022, stating that entities with no foreign […]

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.

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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.