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IRS Now Requires Charities to E-File Form 1023 to Apply for Tax Exempt Status
Trusted Professional
recent revisions by the IRS to Form 1023 The required user fee for Form 1023 will remain $600 for 2020. Applicants must pay…
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Governor Cuomo Proposes Crackdown on 'Refund Mills'
Trusted Professional
New York Gov. Andrew Cuomo has proposed cracking down on "refund mills"— through which unscrupulous tax preparers file…
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Poll Finds Nearly Half Who Anticipate a Tax Refund Plan to Buy Basic Staples or Pay Down Debt
NextGen
Fox Business News
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Regulatory Roundup - Jan. 28 - Feb. 3
Trusted Professional
CBO Cost Estimate H.R. 2546, Colorado Wilderness Act of 2019 January 29, 2020 As ordered reported by the House Committee on…
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New York City Taxes: A Quick Primer for Businesses
Federal Taxation
In addition to the plethora of New York State (NYS) taxes imposed on residents and businesses, New York City (NYC or city)…
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Final Regulations on Qualified Opportunity Funds: Trust and Estate Issues
Tax Reform
On Dec. 19, 2019, the U.S. Department of Treasury and the IRS (collectively, the Treasury Department) released long-awaited…
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The SECURE Act Changes Rules for Individual Retirement Savings Accounts
Federal Taxation
On Dec. 20, 2019, President Trump signed into law the Further Consolidated Appropriations Act of 2020 (FCTA). Among its many…
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IRC Section 199A Considerations for Tax Year 2019
Tax Reform
The qualified business income (QBI) deduction under IRC section 199A has been one of the most discussed topics in federal…
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Judge Orders IRS to Give Couple Refund After It Argued They Were 2 Days Late in Filing
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MarketWatch
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