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Tax Preparation Volunteers Needed by IRS

October 30, 2020 In preparation for this coming filing season, TSCPA is asking for your help in finding new volunteers for the IRS' Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs.

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IRS Announces 2021 Tax Inflation and Cost-of-Living Adjustments

October 27, 2020 The IRS recently released Revenue Procedure 2020-45 announcing the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules. It also released Notice 2020-79 announcing cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2021

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