The pandemic is throwing a monkey wrench into plans for the Internal Revenue Service to reorganize itself to provide better taxpayer service. Coronavirus delays IRS reorganization | By Michael Cohn 3 min read | The pandemic is throwing a monkey wrench into plans for the Internal Revenue Service to reorganize itself to provide better taxpayer service. | | In the blogs: Future shocks | By Jeff Stimpson 2 min read | Biden and Trump tariffs; e-commerce and the holiday season; afterlife; and other highlights from our favorite tax bloggers. | | IRS investigating fewer tax preparers | By Michael Cohn 5 min read | The Internal Revenue Service’s Criminal Investigation unit has been initiating fewer investigations of abusive tax return preparers this past year, while also recommending fewer prosecutions, and seeing fewer indictments and prison sentences this year. | |
Biden’s team sees promise in a tax break championed by Trump | By Noah Buhayar and Lydia O'Neal 4 min read | President Donald Trump spent months on the campaign trail taking credit for “opportunity zones,” a policy meant to encourage investment in distressed communities across the U.S. Joe Biden’s team sees potential in the idea, too. | | WEB SEMINAR | Successful tips to get ready for tax season and maximize performance | Join this complimentary one-hour CPE-accredited webinar to learn what you can do over the final weeks of 2020 to get ready for 2021. We’ll cover some steps you can take to automate your tax prep processes and get ready for what will surely be yet another hectic and compressed tax season, especially in light of the various COVID-19-related situations your practice might be dealing with. | |
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