Thanks to the Tax Cuts and Jobs Act of 2017, the venerable IRS Form 1040 will look and feel different
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Section 754: What You Need to Know About Depreciation, Amortization Benefits
Making the Section 754 election is a big deal if your client is in the midst of handling partners, partnerships,
...Continue readingHelp Clients Reduce Taxes Due on Cancellation of Debt Income
Taxpayers in the throes of bankruptcy or foreclosure don’t just have the pain of losing their funds or property to
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New Tax Bill Takes Aim At Foreign Transactions and Income
Ten months in and the Tax Cuts and Jobs Act (TCJA) continues to keep tax pros and businesses on their
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Internal Revenue Service (IRS) Form 1040 will look and feel different this coming tax season. But the revision hasn’t made
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Investors looking to defer all capital gains have long looked to the tax benefits of the 1031 exchange. But there
...Continue readingKnow Your New Duties for Representing Clients Under IRS Circular 230
Tax pros naturally try to do the right thing, but, in reality, offering tax preparation services and counsel is complicated.
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Tax pros representing clients in an Internal Revenue Service (IRS) audit need to be able to address the crucial questions
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A tax bill from the Internal Revenue Service (IRS) is likely to induce sticker shock. With interest charges and penalties
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Get to Know the New Form 1041 For Trust & Estate Income
The Internal Revenue Service’s Form 1041 is just one of many federal forms that look slightly different after passage of
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