Tag Archives: Taxpayers

Nearly 90 Percent of Taxpayers Are Projected to Take the TCJA’s Expanded Standard Deduction

As the House of Representatives this week considers a bill that would make the individual reforms of the Tax Cuts and Jobs Act (TCJA) permanent, one important change to keep in mind is the increased standard deduction. The TCJA lowered … Continue reading

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IRS Provides Clarification for Business Taxpayers That Make Payments To State or Local Tax Credit Programs

We recently wrote on the new proposed regulations addressing the availability of charitable deductions when taxpayers receive or expect to receive corresponding state or local tax credits for contributions.  The proposed regulations require a taxpayer who makes a contribution to … Continue reading

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IRS Reminds Taxpayers of OVDP Ending

IRS Reminds Taxpayers of OVDP Ending and Hints at Updated Procedures Earlier this year the IRS announced that the OVDP would end on September 28th and the IRS issued a reminder to taxpayers last week of the program ending. More … Continue reading

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Passport Revocation Update: Over 436,000 Taxpayers Meet “Certification” Criteria

Many of my readers already know that one’s US passport is in serious jeopardy if a taxpayer has what is called “seriously delinquent tax debt”.  First, some brief background on the law and how it particularly affects Americans living and … Continue reading

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YOUR 1040 JUST TURNED INTO A POST CARD; BUT TAXPAYERS BEWARE

Congress has been crowing about tax simplification for years. They had a one-page income tax return in 1913 when the first modern return was published by the IRS.  But even then, a one-page return was a written “sleight of hand” … Continue reading

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