Between March 25th and April 5th the IRS has indicted a dozen individuals in an effort to make sure businesses are complying with employment tax requirements. Half of these individuals have been sentenced for employment tax crimes. With 72% of all revenue collected by the IRS coming from payroll taxes, this effort has become a… Read more »
Posts Tagged: tax pros
Sigma Tax Pro clarifies information on state electronic filing requirement that may impact tax preparers
The “10 Business Day Rule” requires tax professionals to download and apply software product updates if they try to e-file 10 or more business days after production release. This requirement is aimed at all software companies with the intention of decreasing error rates on returns that have not been filed with the most recent updates…. Read more »
Attention Tax Pros! CrossLink Professional Tax Software Reviews and Ratings
CrossLink Professional Tax Software is a leader in providing tax pros with original features such as the ERO Mobile App & Tax Payer Mobile App. These apps have a very familiar feel to them in addition to being convenient and simple to use. The user-friendliness of these applications certainly simplify client-to-preparer communications while speeding up… Read more »
Sigma Tax Pro provides information given by the IRS regarding excess business loss limitations and NOLs
With the Tax Cuts and Jobs Act in action this tax season, the IRS has continually been offering guidance as to the new tax laws taking effect. This time around the IRS is offering further guidance on the TCJA’s current modifications to the previous tax law, which limits losses from all sorts of business for… Read more »
Sigma Tax Pro offers information provided by the IRS to assist tax-exempt organizations offering free parking to employees
The TCJA has imposed new rules aimed to assist nonprofit organizations in the calculation of nondeductible parking expenses that were once deductible before the passage of the new act. The IRS has issued interim guidance related to the treatment of qualified transportation fringe benefit expenses compensated or incurred after December. 31st, 2017. This interim guidance… Read more »
