IRS Penalty Waiver Expanded

The IRS announced they are expanding penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is also lowering to 80 percent the threshold required to qualify for this relief. Under the relief originally announced Jan. 16th, the threshold […]

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November Tax News Recap: Tax Pros Have New Verification Option for IRS e-Services, Plus Higher Enrolled Agent Fees

  As you probably would expect, tax news and updates are coming fast and furious as we get closer to January 1. One important new development is that the IRS has added student loans to the list of ways professional tax preparers can verify financial account data when you register for its online e-Services. The […]

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