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Latest News2022-01-13T14:19:26-05:00
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Year-end Gifts And The Gift Tax Annual Exclusion & Selling Trade Or Business Property? Know The Tax Effects

November 8th, 2022|Featured, Monthly Update|

Year-end Gifts And The Gift Tax Annual Exclusion With the

NTA Blog: Do You Need to Electronically Sign a Tax Form That Cannot Be E-Filed? Make it Digital.

June 30th, 2022|Daily News, Featured|

For the more than 40 forms that cannot be e-filed, the IRS permits paper filing of those forms with an electronic or digital signature through a temporary policy through October 31, 2023. While the IRS makes no distinction between electronic and digital signatures, taxpayers who choose to paper file should carefully consider the differences...

NTA Blog: Some Taxpayers Will Automatically Have Their Accounts Excluded

June 24th, 2022|Daily News, Featured|

Since 2018, TAS has been urging the IRS to stop assigning to private collection agencies (PCAs) the accounts of taxpayers who receive Supplemental Security Income (SSI) or Social Security Disability Income (SSDI). In 2019, Congress passed the Taxpayer First Act (TFA), which required the IRS to exclude these accounts.

NTA Blog: Apply for a rewarding career with Taxpayer Advocate Service.

June 9th, 2022|Daily News, Featured|

After several decades of working in the tax controversy arena, both in the private sector and with the Office of Chief Counsel, I am amazed at how many people have never heard of or availed themselves of the benefits that the Taxpayer Advocate Service (TAS) provides for taxpayers.

JUN 2022: Deducting The Costs Of A Self-managed Portfolio

June 5th, 2022|Featured, Monthly Update|

Do you have significant investment-related expenses, including payment for financial service subscriptions, home office maintenance and clerical support? Under the 2017 Tax Cuts and Jobs Act, these expenses aren’t deductible if they’re considered investment expenses to produce income.

APR 2022: Could You Be Hit With The Trust Fund Recovery Penalty?

April 7th, 2022|Featured, Monthly Update|

Unexpected disasters can happen anywhere, causing damage to your home and personal property. Before the Tax Cuts and Jobs Act (TCJA), eligible casualty loss victims could claim a deduction on their tax returns. But restrictions make it tougher to qualify for these deductions.

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