The Tax Professionals Blog
Senators Introduce Bill to Require IRS to Notif...
On May 13 introduced a group of senators introduced the Social Security Identity Defense Bill of 2015, which if passed, would require the IRS to notify an individual and law...
Read MoreWhy You Should Participate in the IRS Voluntary...
In the past, unenrolled preparers (1) where able to represent returns they prepared in an office audit or correspondence audit with the IRS. This will no longer be true beginning...
Read MoreIRS Website Hacked By Identity Thieves
According to the IRS, identity thieves have gained access to the IRS website and accessed tax return and personal information for more than 100,000 taxpayers.
Read MoreIRS Refunding RTRP Fees
The United States Court of Appeals for the District of Columbia Circuit upheld the decision of the District Court in Loving v. IRS, that the IRS lacked authority to mandate...
Read MoreCourt Denies Excess Home Mortgage Interest As I...
The court, while noting that the qualified residence interest regulations allow debt exceeding the applicable limit to potentially be allocated to an otherwise deductible category of interest, has denied the...
Read MoreIndividual FBAR Filers Get New E-Filing Option ...
The BSA E-Filing System now provides an alternative e-filing method for individuals filing the Report of Foreign Bank and Financial Accounts (FBAR).
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