Newly appointed officials in the SB/SE Division plan to make changes in the IRS’s strategy for dealing with collections and enforcement.
Resource limitations and a drop in staff at the service allowed businesses to get away with billions of dollars in unpaid taxes.
Between the shutdown and the TCJA, advocates want more time for filing.
Repeat tax debtors and their tax pros should use tax season to clear up past balances.
The relief is conditioned on the partnerships providing the missing information in a separate schedule by March 15, 2020.
The Internal Revenue Service is considering issuing rules that could invalidate some of the last remaining strategies in New York and Connecticut to circumvent the state and local tax, or SALT, deduction cap that kicked in for the 2018 tax year.
The average tax refund check is nearly identical to last year’s average refund, increasing less than 1 percent to $3,068 in 2019.
The relief applies to due dates that started on March 3.
Stress and other disasters; federal deductions and income segregation; Olson’s retirement; and other highlights from our favorite tax bloggers.
The Treasury and the service are seeking public comments on the proposal.