Kelly Phillips Erb Contributor


IRS Announces New Payment Option for Some Delinquent Taxpayers

The Internal Revenue Service (IRS) has announced that a new payment option has been added to the private debt collection program. The payment option is intended to make it easier for those who owe to pay their tax debts, although some fear that it could lead to abuse.

IRS Followed Bitcoin Transactions, Resulting In Takedown Of The Largest Child Exploitation Site On The Web

The largest dark web child pornography site in the world has been taken down. That was the word today at a joint press conference from agents including IRS-CI announcing arrests and forfeitures.

IRS Says 2 Million ITINs To Expire In 2019, Encourages Taxpayers To Renew Now

The Internal Revenue Service (IRS) has issued a reminder to taxpayers with an expiring Individual Taxpayer Identification Number (ITIN) to submit renewal applications.

There’s A New Question On Your 1040 As IRS Gets Serious About Cryptocurrency

Days after the Internal Revenue Service (IRS) released two new pieces of guidance for taxpayers who engage in transactions involving virtual currency, the IRS announced another compliance measure: a checkbox on form 1040.

What You Need to Know About Taxes and Filling Out Your FAFSA

The easiest way to provide your tax information for the FAFSA is to use the Internal Revenue Service Data Retrieval.

IRS Issues New Guidance On The Tax Treatment Of Cryptocurrency

The Internal Revenue Service (IRS) has issued new guidance for taxpayers who engage in transactions involving virtual currency, including cryptocurrency.

Time Is Ticking For Taxpayers On Extension: Are You Ready To File?

Most taxpayers on an extension must file their tax returns on or before the October 15 deadline.

IRS Announces New Per Diem Rates For Taxpayers Who Travel For Business

The new per-diem numbers are now out, effective October 1, 2019. These numbers are to be used for per-diem allowances paid to any employee on or after October 1, 2019, for travel away from home.

New Sales Tax Rules Take Effect This Week In More Than A Dozen States

Changes in sales tax compliance laws for remote sellers and marketplace in more than a dozen states kicked in beginning October 1, 2019.

States Fail To Overturn SALT Deduction Caps In Court

U. S. District Judge J. Paul Oetken has dismissed a lawsuit filed by four states to strike down the cap on state and local tax (SALT) deductions under the Tax Cuts and Jobs Act (TCJA).