The Internal Revenue Service did a good job last tax season dealing with the many changes in the tax law, despite the 35-day government shutdown, but it still needs to improve its dealings with taxpayers who have limited proficiency with the English language, according to a new report. | IRS needs to improve service for taxpayers with limited proficiency in English → | | By Michael Cohn 3 min read | | The Internal Revenue Service did a good job last tax season dealing with the many changes in the tax law, despite the 35-day government shutdown, but it still needs to improve its dealings with taxpayers who have limited proficiency with the English language, according to a new report. | |
| Senate Democrats investigate corporate loopholes in TCJA regulations → | | By Michael Cohn 2 min read | | A group of Senate Democrats has launched an investigation of the regulatory process for the Tax Cuts and Jobs Act and the ways in which exceptions were made for corporations as a result of fierce lobbying with the passage of the 2017 tax overhaul. | |
| Art of Accounting: Withum SOTF 2020 → | | By Edward Mendlowitz 3 min read | | Withum’s annual State of the Firm (SOTF) event, attended by over 1,000 Withum team members, was held at the New Jersey Performing Arts Center last Monday. | |
| Crunching the numbers on growth → | | By Daniel Hood | | Setting a growth goal is about much more than picking a percentage -- firms need to dive deeper to understand what it will really take to hit that goal, says Bob Lewis of The Visionary Group -- and they need to make sure they have people who can bring in the new business they need. | |
| Expat tax services directory updated and expanded → | | By Michael Cohn 2 min read | | American Citizens Abroad, a group that promotes the interests of U.S.-born expatriates, has updated and relaunched its online Expat Tax Services Directory of firms providing tax services, tax preparation, accounting services, financial advisory and legal services. | |
| IRS to restore some sequestered funds → | | By Jeff Stimpson 1 min read | | Less than a thousand businesses were affected by an OMB determination involving the refundable corporate minimum tax credit. | |
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