Chances are that you filed your federal income tax return electronically this year: the Internal Revenue Service (IRS) estimates that nearly nine in ten individual
Read MoreMonth: June 2019
Tax Mentions In The Second Democratic Debate
The second night of the Democratic debates marked a shift both in tone and topics. While the first night of the debates was short on
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Tax Talk During The First Democratic Debate
If you tuned in during the first night of the Democratic debates to hear what the candidates had to offer on tax policy, you were
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Sanders, Warren Both Propose To Wipe Out Student Debt With Tax Dollars
Presidential hopeful Sen. Bernie Sanders (I-VT) has introduced a plan to cancel all U.S. student loan debt. The debt, which currently totals $1.6 trillion, affects
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Supreme Court Rules That Residency Is Not Sufficient To Tax Income In Trust Case
The Supreme Court issued a decision in North Carolina Department of Revenue v. The Kimberley Rice Kaestner 1992 Family Trust—and it’s unanimous. The Court ruled that
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Court Sides With Divorced Taxpayer Over Money She Didn’t Get To Keep
“Taxes are what we pay for a civilized society.” That quote from Supreme Court Justice Oliver Wendell Holmes, Jr., can be found over the main
Read MoreIRS Urges Taxpayers To Renew ITINs Early
The Internal Revenue Service (IRS) is reminding taxpayers with an expiring Individual Taxpayer Identification Number (ITIN) to submit renewal applications. Failing to renew an ITIN by the
Read MoreIRS Tips Hand On SALT Cap Workarounds
The Internal Revenue Service (IRS) has issued additional guidance on state or local tax (SALT) cap workarounds, and there are no real surprises. The guidance
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IRS Nationwide Tax Forum Scheduled For July
The Internal Revenue Service (IRS) has scheduled its 2019 Nationwide Tax Forum season. The first forum, planned for July 9-11, 2019, in National Harbor, Maryland,
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It’s Correspondence Season: IRS Sends Out Bills & Notices
I can tell from the letters piling up on my desk: it’s officially correspondence season! Correspondence season is the term that tax professionals use to
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