The IRS has expanded its Identity Protection (IP) PIN Opt-In program to all taxpayers who can verify their identities. The IP PIN is a six-digit code known only to the taxpayer and to the...

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The IRS has issued final regulations that provide additional guidance regarding the limitation on the deduction for business interest expense. The deduction was amended by the Tax Cuts and Jobs Act and the CARES...

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Are you a student, or do you know a student, who has received a higher education grant under the CARES Act? The IRS recently posted FAQs on its website about information-reporting requirements for these...

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The new law extends and improves charitable donation tax breaks. For 2020, individuals who don’t itemize deductions could take up to a $300 above-the-line deduction for cash contributions to qualified charitable organizations. The Consolidated...

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Tax season is rolling up fast, and millions of Americans will be anticipating refunds. As always, the IRS cautions taxpayers not to rely on receiving a refund by a certain date, especially to pay...

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Business owners: You still have a handful of shopping days left to buy tax-deductible supplies. As you know, you can generally write off the ordinary and necessary costs of carrying on a trade or...

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The IRS extends through June 2021 the acceptance of digital signatures and emailed documents. The extension, set to expire on Dec. 31, 2020, was extended in a recent IRS memo to employees. Last March,...

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