TAXATION

IRS Will Enforce Health Coverage Reporting on 2017 Returns
 

IRS Will Enforce Health Coverage Reporting on 2017 Returns

Posted: October 16, 2017
The IRS updated its page on health care reporting requirements to inform taxpayers and tax practitioners that it will not accept electronically filed 2017 individual income tax returns unless taxpayers indicate that they and everyone on their return had health care coverage, qualified for an exemption from coverage, or will make a shared-responsibility payment (under Sec. 5000A).


e-Services Scam Alert
 

e-Services Scam Alert

Posted: October 11, 2017
The IRS is warning all e-Services users to beware a new phishing scam that tries to trick tax professionals into “signing” a new e-Services user agreement.

IRS Updates Special Per-Diem Rates for Business Travel
 

IRS Updates Special Per-Diem Rates for Business Travel

Posted: October 2, 2017
Business travelers who incur expenses while traveling away from home have new per-diem rates to use in substantiating certain of those expenses. The new rates will be in effect from Oct. 1, 2017, to Sept. 30, 2018.


10 Strategies to Minimize Your Client
 

10 Strategies to Minimize Your Client's Taxes

Posted: September 25, 2017
Tax professionals are always looking for ways to help clients save money on their taxes. The following article lists 10 tax planning strategies to consider that may not be top-of-mind.

Rules Would Allow Truncated Taxpayer IDs on Forms W-2
 

Rules Would Allow Truncated Taxpayer IDs on Forms W-2

Posted: September 19, 2017
In an effort to reduce identity theft, the IRS has issued proposed regulations that would permit employers to use truncated taxpayer identification numbers on Forms W-2 issued to employees.