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Changes to the Child Tax Credit: What it Means for Families

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Article by Lydia DePillis | Found on CNN.com Parents will get twice as large of a tax credit for each child next year, under a compromise hammered out by the House and Senate Friday — although other changes to the bill mitigate the impact…
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IRS Plans Further Steps to Curb Identity Theft

Articel by Michael Kohn | Found on AccountingToday The Internal Revenue Service, working in partnership with state tax authorities and the tax preparation industry as part of their Security Summit initiative, reported significant progress…
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IRS adds more features to taxpayer online accounts

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Article Found on AccountingToday.com | Written by Michael Kohn The Internal Revenue Service has supplemented its online tax account tool with some new self-service features for taxpayers and their preparers. The IRS debuted the tool…
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Cristiano Ronaldo Accused of $16.5M Tax Evasion

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Article by Tariq Panja | Found on AccountingToday.com Soccer superstar Cristiano Ronaldo has been accused of failing to pay 14.7 million euros ($16.5 million) in taxes. The prosecutor’s office in Madrid filed a lawsuit that alleges…
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IRS May Have to Refund $300 Million After Federal Judge Rules PTIN Fee is Illegal

Article by Joseph Henchman | Found on TaxFoundation.org A federal judge ruled on June 1 that the Internal Revenue Service (IRS) exceeded its authority in collecting fees for issuing Preparer Tax Identification Numbers (PTIN). The IRS requires…
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Nexpanding: The Ever-Evolving Shape of Nexus Rules

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Article by Roger Russell | Found on Accounting Today Nexus — the minimum amount of contact between a taxpayer and a state that allows the state to tax the business on its activities — is under attack by the states as they seek to broaden…

Identity Theft Safeguards to Expand for 2017

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Article By Sally P. Schreiber, J.D. | Featured on Journal of Accountancy As the IRS, taxpayers, and tax practitioners get ready for the 2017 tax filing season, the IRS touted the successes that it and its Security Summit partners have had…

New Tax Rules for 2017

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By Robert Trinz | Article Featured on AccountingToday The new year promises to be an challenging one for tax practitioners, as President-elect Trump and Congressional Republicans have promised to enact a significant tax reform package in…
United States issues new corporate anti-inversion rules

United States Issues New Corporate Anti-Inversion Rules

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Article By Sally P. Schreiber, J.D. | Featured on CGMA Magazine In a further move to reduce the tax benefits of, and therefore the incentives for, corporate inversions, the U.S. tax agency, the Internal Revenue Service (IRS), on Thursday…
Congress Approves Tax Extenders for 2014

Congress Approves Tax Extenders for 2014

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The U.S. Senate has approved a one-year extension of the tax extenders bill, a grab bag of around 50 tax provisions for businesses and individuals. The bill will cost $42 billion over ten years and applies retroactively to the 2014 tax year.…