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Tax Practice: New risks for tax audits
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Wealthy masses bet $500M as new funds chase opportunity zone tax perk
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Tax Practice
Jul 9, 2019
Upcoming Events
Jul 9, 2019
New risks for tax audits
By Roger Russell
IRS audit rates have dropped, but that doesn’t mean clients shouldn’t be prepared.
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Wealthy masses bet $500M as new funds chase opportunity zone tax perk
By Noah Buhayar
Investors are starting to pour money into the real estate projects after more than a year of indecision.
Read More
Trump’s New York tax returns now available to Congress under new law
By Laura Davison and Keshia Clukey
New York Governor Andrew Cuomo signed into law a measure that would give key members of Congress the ability to request the president’s state returns.
Read More
IRS announces summer downtimes
By Jeff Stimpson
The Modernized e-File system will be unavailable for two short periods in July and August.
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Trump-appointed judge to hear suit over president’s taxes
By Andrew Harris and Bob Van Voris
A judge has been assigned to a lawsuit by congressional Democrats seeking access to the president’s tax returns.
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IRS finalizes rules for truncating taxpayer SSNs on W-2s
By Michael Cohn
The Internal Revenue Service is allowing employers to truncate taxpayer identification numbers to protect employees from identity theft.
Read More
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IRS’s unmet tech support needs lead to higher admin costs
By Michael Cohn
The Internal Revenue Service’s unmet needs for information technology support are producing inefficiency and higher tax administration costs, according to a new report.
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Canopy introduces payments
By Ranica Arrowsmith
The module, which is proprietary to Canopy, allows money transfers between Canopy’s customers and their clients using credit, debit or ACH.
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Tax Fraud Blotter: Scam song
By Jeff Stimpson
Two for one; underreporting more than a million; $500 for fake info; and other highlights of recent tax cases.
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In the blogs: Major takeaways
By Jeff Stimpson
Gas prices; GASB and 457s; heads in the cloud; and other highlights from our favorite tax bloggers.
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