Tax Scams Continue Year-Round
Although the April filing deadline has passed, scam artists remain hard at work, and theIRS is…
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Net Operating Loss (NOL) Carrybacks and Tentative Quick Refunds
Prior to the Tax Cuts and Jobs Act (TCJA), in general, an NOL could be carried…
Vehicle Depreciation Limits
When the actual expense method is used for deducting the business use of a vehicle, the…
Latest Justice Department Cases against Tax Preparers
On February 14, 2020, a federal court in Ocala Florida entered a permanent injunction against Philip…
Penalty for Failure to Deposit Employment Taxes
The IRS recently announced penalty relief for certain employment tax deposits of FICA, RRTA, and federal…
Relief for Taxpayers Affected by COVID-19 Who Take Distributions or Loans From Retirement Plans
The Internal Revenue Service has released Notice 2020-50 to help retirement plan participants affected by the…