The United States government hit New Yorkers and other residents of high tax states hard with the new tax law. The Tax Cuts and Jobs Act (TCJA) included a provision that put a limit on the state and local tax deduction. This limit meant residents of high tax states...
IRS set to send out bills to taxpayers in June and July
Filing taxes for the 2018 tax year was a bit more difficult than previous years. The main reason: this year was the first year the Tax Cuts and Jobs Act (TCJA) was essentially in full effect. This year, taxpayers had to navigate the new tax law and many found...
New tax law will likely mean more state tax audits
The Tax Cuts and Jobs Act (TCJA) has led to many changes in tax law. We are just starting to experience the full impact of these changes, as many of the new provisions went into effect for the recent tax filing for the 2018 tax year. One specific impact tax experts...
Does the IRS’s use of PDCs leave taxpayers susceptible to scams?
In 2015 Congress passed a law that required the Internal Revenue Service (IRS) to use private collection agencies (PDCs) to collect outstanding tax bills. The Government Accountability Office (GAO) conducted a review of the IRS’ PDC program and has found some...