This is Part 1 of 2 in a series on the proposed Tax Cuts and Jobs Act. This part covers the provisions that apply to individual taxpayers. Part 2 covers the small-business provisions.
The National Taxpayer Advocate (NTA) Nina Olson released her mid-year report to Congress. It presents a review of the 2017 filing season and identifies the top issues the Taxpayer Advocate Service (TAS) will address during the upcoming year.
If you have an interest in or have signature authority over a foreign bank account or other financial account you may be required to file a Report of Foreign Bank and Financial Accounts (“FBAR”).
Normally, when a business sells property such as real estate, machinery and equipment or trucks and automobiles, it must include in taxable income any gain generated from the sale.
Steven Miller, the acting head of the IRS spoke before the Senate Appropriations Committee this week and indicated that taxpayers contacting the IRS will find a reduction in the level of service as a result of the sequester.
At last. A tax calculator that will give you a clearer picture of the number and types of taxes you pay and their estimated amounts.
The Internal Revenue Service is providing tax relief to individuals and businesses affected by Hurricane Isaac.
East Coast Tax Consulting Group Offers Free Representation to Returning Combat Veterans Facing Tax Problems
As a member of the American Society of Tax Problem Solvers (ASTPS) Returning Combat Veterans Program, East Coast Tax Consulting Group is proud to offer free tax services to military personnel returning from combat duty who face IRS tax problems and are in need of expert tax relief.
If you discover an error on your federal income tax return after you e-filed or mailed it, you may want or need to amend your return. Perhaps you are eligible for a deduction or credit and you missed it the first time?
Here are eight key points you should know about when considering whether to file an amended federal income tax return.