IRS Resources

The Internal Revenue Service issued proposed regulations on 08/08/2018 for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income.

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The Internal Revenue Service and the Department of the Treasury issued proposed regulations on section 965 of the Internal Revenue Code. The proposed regulations affect United States shareholders, as defined under section 951(b) of the Code, with direct or indirect ownership in certain specified foreign corporations, as defined under section 965(e) of the…

The IRS and its Security Summit partners today reminded tax professionals that being targeted by spear phishing emails remains the most common way data thieves enter practitioner’s digital networks and steal client information.

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Recent communication with our IRS Stakeholder Liaison have identified two areas of difficulty for tax professionals. 1) Difficulty finding IRS phone numbers on IRS.gov and 2)Unfamiliarity with the Appeals process.

Marc Zine from the IRS has provided documents to address these issues. Click…

The Internal Revenue Service and its Security Summit partners today urged all tax professionals to use strong passwords to protect accounts from cyberthieves and to consider encryption for all sensitive data.

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The Internal Revenue Service and the Security Summit partners outlined critical steps for tax professionals to protect their computers and email as well as safeguarding sensitive taxpayer data.

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