The Internal Revenue Service began accepting tax returns on Monday for tax season, while the Treasury Inspector General for Tax Administration highlighted the results of last year’s tax season. | IRS kicks off official start of tax season | | By Michael Cohn 5 min read | | The Internal Revenue Service began accepting tax returns on Monday for tax season, while the Treasury Inspector General for Tax Administration highlighted the results of last year’s tax season. | |
| Federal tax lawsuits plunge | | By Michael Cohn 2 min read | | Federal civil tax lawsuits have fallen by more than half over the past decade, according to a new analysis. | |
| IRS gives banks leeway on notifying IRA owners about RMD change | | By Michael Cohn 2 min read | | The Internal Revenue Service is giving financial institutions a break when it comes to notifying owners of individual retirement accounts about taking their required minimum distributions after a new law increased the age for taking RMDs from 70½ to 72. | |
| Moving forward without a technical correction to QIP | | By David McGuire 3 min read | | A drafting error in the Tax Cuts and Jobs Act inadvertently removed Qualified Improvement Property from bonus eligible property. This was a mistake and a technical correction was expected. However, none was ever made. | |
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| Most taxpayers confident about tax prep | | By Michael Cohn 1 min read | | Taxpayers are feeling good about their tax-filing abilities, according to a new survey, with 89 percent indicating they feel confident they have their withholding set up correctly and 95 percent saying they're confident that they're taking all the deductions they can. | |
| In the blogs: Danger! Danger! | | By Jeff Stimpson 3 min read | | Payroll rigmaroles; bloggers’ taxes; the most out of seasonal staff; and other highlights from our favorite tax bloggers. | |
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