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Salvatore Russo

How do I…Protect against tax-related identity theft?

How do I…Protect against tax-related identity theft? The IRS expects to receive more than 150 million individual income tax returns this year and issue billions of dollars in refunds. That huge pool of refunds drives scam artists and criminals to steal taxpayer identities and claim fraudulent refunds. The IRS has many protections in place to […]

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Salvatore Russo

Section 199A Passthrough Guidance Expected in July, Kautter Says

Section 199A Passthrough Guidance Expected in July, Kautter Says The IRS expects to issue guidance on the Code Sec. 199A passthrough deduction in July, Acting IRS Commissioner David Kautter has said. Kautter outlined the timeline of various guidance proposals at the American Bar Association (ABA) Section of Taxation May Meeting in Washington, D.C. Proposed Guidance More specifically, […]

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Annemarie Aguanno

Focus Remains on Tax Reform

Focus Remains on Tax Reform Congressional lawmakers on Capitol Hill continue to focus on tax reform. Republicans and Democrats alike have been discussing the effects of tax reform, albeit reaching different conclusions. Tax Reform Hearings The Ways and Means Committee held a hearing during the week of May 14, marking the first in a series […]

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Salvatore Russo

Regs Clarified In Response to Suit Over ACA Emergency Services Rules

Regs Clarified In Response to Suit Over ACA Emergency Services Rules The Treasury Department and the IRS, along with the Department of Labor and the Department of Health and Human Services, issued a notice of clarification to more thoroughly explain their decision not to adopt recommendations made by the American College of Emergency Physicians (ACEP) […]

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Salvatore Russo

IRS Outlines New Five-Year Strategic Plan

IRS Outlines New Five-Year Strategic Plan The IRS has issued a new five-year strategic plan to guide its programs and operations and to help meet the changing needs of taxpayers and members of the tax community. “Providing service to taxpayers is a vital part of the IRS mission and the new Strategic Plan lays out a […]

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