Filing season starts in three days, and that means tax professionals around the country are collectively taking a deep breath before the plunge. While the future of the Affordable Care Act (ACA) remains uncertain, it – as of today – still affects tax preparation. So we’ve put together a few last-minute ACA updates to give you a head start.
Over the past months, we’ve shared a lot of information with you about how best to defend your office from a data breach or some other security incident. But what happens if the unthinkable happens. You know – someone gains access to your personal, professional or client data; someone who stole it. Then what?
Every year, the National Taxpayer Advocate, Nina Olson, submits a report to Congress on how she rates the performance of the Internal Revenue Service from a taxpayer’s perspective. Federal law requires the annual report from the Taxpayer Advocate Service (TAS) to identity at least 20 of the most serious problems encountered by the nation’s taxpayers and to make recommendations...
National Taxpayer Advocate Nina Olson says it’s time to make the American income tax code a simpler kind of beast. Olson, in her 2016 annual report to Congress, outlined a number of recommendations aimed at the income tax system in general and the IRS specifically.