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The agency is encouraging taxpayers who have received but not yet responded to a CP-14 notice to promptly do so.
August 24 -
The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15 because of the novel coronavirus pandemic.
March 30 -
Retirement savers stand to gain more by investing their money instead of taking an interest-free reimbursement.
January 28 -
Deferred taxation on these retirement products, in part, depends on how their distributions are made.
December 23 -
Clients who have yet to make withholding adjustments to cover their tax liability still have time to avoid the extra burden.
December 10 -
Overall donations to charity organizations fell by 1.7%, while total individual giving decreased by 1.1%, the first drop since 2013.
July 16 -
The agency is asking taxpayers to account for multiple jobs within a household and to factor in the $2,000 child tax credit for each kid under 17.
June 4 -
The impact of the 35-day partial government shutdown could delay the process this year.
January 29 -
Salary-reduction arrangements can exclude up to $520 each month from a client’s taxable income to cover these expenses.
June 26 -
One strategy for clients to continue their philanthropic work and reduce their bill is to bunch multiple years of donations into one with a donor-advised fund.
March 13