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Newsmaker: New Tax Commissioner Reveals His Priorities
Taxation
The Trusted Professional What would you say is the biggest tax administration challenge facing your department today? You…
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IRS Commissioner Asks CPAs to Provide Feedback on the Taxpayer First Act
Taxation
Taxpayer First Act of 2019 Accounting Today Taxpayer First Act “There's a lot of components to the Taxpayer First Act,”…
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Study: 400 Richest Families Pay Lower Tax Rate Than Middle Class
Taxation
CBS News. The Triumph of Injustice, According to Saez and Zucman, the U.S. tax system is creating an "inequality spiral."…
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Supreme Court to Consider Hearing Case Challenging NYS over Interstate Double Taxation
Taxation
At a conference scheduled for Oct. 1, the U.S. Supreme Court will decide whether to hear a case involving taxpayers who meet…
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Taxpayers Report Receipt of Scam IRS Letters During Correspondence Season
Taxation
This summer, as the IRS is in the process of sending out bills and notices—including notices regarding taxes owed by…
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The IRS Resurrects Form 1099-NEC After a 38-Year Absence
Taxation
Beginning in 2021, for nonemployee compensation paid in 2020, payors of nonemployee compensation will no longer report it on…
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Fewer Companies Paying Top Tax Rate Since TCJA
Taxation
An analysis from the Wall Street Journal GILTI
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Practitioners Describe an Exceptionally Vexing Tax Season
Taxation
This year’s tax season was one for the ages, according to practitioners at firms across the state, who were faced not only…
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House Bill Would Boost IRS Funding, Raise Employee Pay
Taxation
The general appropriations bill approved by the House of Representatives on June 26 would increase IRS funding by nearly…
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