Legal News
Tax-Filing Season Begins
The IRS successfully opened the 2019 tax-filing season this week and has started accepting and processing federal tax returns for tax year 2018. The first refunds are expected to go out the first week of February. Your clients can check Where’s My Refund? for updates....
IRS Resumes Operations Following Government Shutdown
As IRS resumes operations following the recent government shutdown, tax professionals may have questions about exam and collection activities. Audits. If you have questions about your clients’ examinations affected by the shutdown, please review the Exam Resumption...
IRS Guidance on Changes to Excess Business and Net Operating Losses
The IRS issued guidance this week on excess business loss limitations and net operating losses (NOL) following law changes in the TCJA. The TCJA modified existing tax law on excess business losses by limiting losses from all types of business for noncorporate...
Security Summit: Beware of Fake Payroll Direct Deposit and Wire Transfer Emails
The IRS and its Security Summit partners warned tax professionals of an increase in phishing emails that involve payroll direct deposit and wire transfer scams. These business email compromise/business email spoofing (BEC/BES) tactics, which generally target all types...
Mailing Forms and Payments to the IRS
If you need to mail a return to the IRS, be sure to check IRS.gov for the most current information on where to file paper tax returns. The IRS also recommends checking any pre-printed envelopes on hand in your office, as many of the mailing addresses for tax forms,...