Businesses are a favorite target of identity thieves. Reports often cover the theft of customer financial information, like credit cards, debit cards, and bank accounts.… Read more about IRS Announces New Identity Theft Affidavit (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

More and more, tax professionals are relying on working remotely, also known as teleworking, in order to stay connected with clients and remain productive.… Read more about Work Virtually for Real Security (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service is changing the guard in its Criminal Investigation (CI) division. James Lee, the current deputy chief of the division and a 25-year IRS veteran, will take the reins from retiring Chief Don Fort.… Read more about James Lee to Lead IRS Criminal Investigations (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service has good news for taxpayers restoring historic buildings. Last week, the agency announced that they have granted additional time to qualify for the Rehabilitation Tax Credit to mitigate logistical issues arising from the coronavirus pandemic.… Read more about Taxpayers Get More Time to Qualify for Rehabilitation Tax Credit (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Taxpayers can dip into Coronavirus Aid, Relief, and Economic Security Act-specified retirement accounts without suffering a penalty, according to an Internal Revenue Service press release published yesterday. This reminder comes just days after the $600 unemployment benefits included in that legislation expired.… Read more about CARES Act Allows Penalty-Free Withdrawals from Some Retirement Plans (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Tax Cuts and Jobs Act (TCJA) of 2017 famously adjusted the income tax brackets and lowered the corporate tax rate to 21 percent, but the sweeping legislation contained a host of tax-related changes.… Read more about Businesses Get Final Regulations, Additional Guidance for Deducting Interest on Expenses (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…