March 26, 2019
General Motors has sold more than 200,000 vehicles eligible for the plug-in electric drive motor vehicle credit during the fourth quarter of 2018, triggering a phaseout of the tax credit available for purchasers of the vehicles.
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March 22, 2019
The IRS recently provided additional expanded penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.
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March 22, 2019
Certain life insurance contracts may have reporting requirement changes under the Tax Cuts and Jobs Act.
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March 15, 2019
The IRS recently issued Revenue Ruling 2019-08 that provides various prescribed rates for federal income tax purposes.
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March 5, 2019
The IRS recently issued proposed regulations under section 250 of the Internal Revenue Code, which offers domestic corporations deductions for foreign-derived intangible income and global intangible low-taxed income.
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March 1, 2019
The IRS warns taxpayers to avoid unethical tax return preparers, known as “ghost” preparers.
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February 28, 2019
The IRS will waive the estimated tax penalty for any qualifying farmer or fisherman who files his or her 2018 federal income tax return and pays any tax due by Monday, April 15, 2019.
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February 27, 2019
The IRS recently reiterated its warning that taxpayers may not be able to renew a current passport or obtain a new passport if they owe federal taxes.
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February 27, 2019
Most taxpayers born in the last 60 years have the expectation that their preparer is harnessing electronic tools to help eliminate errors, speed up processes and make their overall client experience a positive one.
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February 25, 2019
The IRS recently announced that interest rates will remain the same for the calendar quarter beginning April 1, 2019 as they were in the first quarter of 2019.
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