IRS willing to consider requests for relief from double taxation related to repatriation.
Jan19

IRS willing to consider requests for relief from double taxation related to repatriation.

The IRS announced today that the agency has become aware of limited circumstances in which it may be appropriate to provide relief from double taxation resulting from application of the repatriation tax under section 965, as amended by the Tax Cuts and Jobs Act (TCJA). The IRS has determined that in unique circumstances, such as where a corporation paid an unusual dividend for business reasons, not because of the enactment of TCJA, it...

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IRS and Treasury issue guidance for students with discharged student loans and their creditors.
Jan19

IRS and Treasury issue guidance for students with discharged student loans and their creditors.

The Internal Revenue Service and Department of the Treasury issued Revenue Procedure 2020-11 (PDF) that establishes a safe harbor extending relief to additional taxpayers who took out federal or private student loans to finance attendance at a nonprofit or for-profit school. Relief is also extended to any creditor that would otherwise be required to file information returns and furnish payee statements for the discharge of any...

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Direct deposit fastest way to receive federal tax refund.
Jan19

Direct deposit fastest way to receive federal tax refund.

With tax season beginning soon, the Internal Revenue Service reminds taxpayers that choosing to have their tax refund directly deposited into their checking or savings account is the fastest way to get their money. It’s simple, safe and secure. Taxpayers can also get their refund deposited into one, two or three different accounts, if desired. Eight out of 10 taxpayers get their refunds by using direct deposit. The IRS uses the...

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Do you need our help in QuickBooks?
Jan16

Do you need our help in QuickBooks?

Certified QuickBooks experts known as ProAdvisors are accountants, small business advisors or consultants who have been tested and certified on QuickBooks. Certified ProAdvisors help businesses customize QuickBooks for their unique needs and help them get the most out of the software. ProAdvisors are also a great resource if you run into trouble with QuickBooks. For questions on ProAdvisor fees simpy contact our office at 407.892.1266...

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Account On Us Tax Warn Employers to Beware of W-2 Scams.
Jan16

Account On Us Tax Warn Employers to Beware of W-2 Scams.

Account On Us urge all employers to educate their payroll personnel about a Form W-2 phishing scam that made victims of hundreds of organizations and thousands of employees last year.   The Form W-2 scam has emerged as one of the most dangerous phishing emails in the tax community. During the last two tax seasons, cybercriminals tricked payroll personnel or people with access to payroll information into disclosing sensitive...

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How do you Report a Tax Scam.
Jan12

How do you Report a Tax Scam.

Taxpayers can use these options to report phone, email and other impersonation scams:   Report impersonation scams to the Treasury Inspector General for Tax Administration. on the “IRS Impersonation Scam Reporting” webpage.   Report phone scams to the Federal Trade Commission using the FTC Complaint Assistant. Add “IRS Telephone Scam” in the notes.   Report an unsolicited email claiming to be from the IRS or an...

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