Recent Articles
Using a Qualified Intermediary for Successful 1031 Exchanges
How a Go-Between Can Help You Save Taxes on Real Estate Transactions. If you are a real estate investor or business owner, you may have heard about Section 1031 of the tax code, which allows for a tax-deferred exchange of...
IRS Improves Phone Service, But Tech Issues Persist
National Taxpayer Advocate Raises Concerns Over Funding Allocation. The Internal Revenue Service (IRS) is a much-maligned agency that has long faced criticism for its poor customer service. However, there are recent reports that the agency is starting to improve, particularly...
Making Tax Filing Easier: How the IRS is Helping Small Business Owners
Modernizing the Agency for a Digital-First Approach Small business owners have long had a complicated relationship with the Internal Revenue Service (IRS). Filing taxes can be a daunting and confusing task for entrepreneurs, and the agency’s reputation for being bureaucratic...
Justice Department Cracks Down on Fraudulent Tax Preparers: What You Need to Know
Protecting Yourself Against Fraudulent Tax Preparers and the Consequences of Non-Compliance. The U.S. Department of Justice (DOJ) has been increasing its efforts to combat fraudulent tax preparers who take advantage of unsuspecting taxpayers. The DOJ has been working with the...
IRS Announces Plan to Improve Taxpayer Service and Enforcement
A Look at the IRS’s Goals for the Next Decade and the Challenges It Faces. The IRS has announced a new strategic operating plan aimed at transforming the tax agency and improving service to tax payers and the nation during...
IRS Revises Form 8940, Allowing Electronic Filing for Miscellaneous Determination Requests.
Exempt Organizations Can Now Submit Form 8940 Online Beginning April 3, 2023. The Internal Revenue Service (IRS) has announced a update to Form 8940, Request for Miscellaneous Determination, which is used by exempt organizations to make random purpose requests. The...