by taxPRO Websites Staff | Jul 29, 2019 | Tax Tips and News
If you’ve always deducted your business vehicle expenses in the past, read on. With the recent changes in the tax code, not everyone can still claim the deduction. Some taxpayers can, but some cannot. In a nutshell, only a few types of taxpayers can now qualify to...
by taxPRO Websites Staff | Jul 29, 2019 | Tax Tips and News
The Internal Revenue Service is attempting to rein in some taxpayers who may have failed to report income and pay tax on virtual currency transactions. Some taxpayers, the IRS says, didn’t pay tax owed; others may have reported their transactions improperly. Either...
by taxPRO Websites Staff | Jul 25, 2019 | Tax Tips and News
The IRS recently highlighted how the Tax Cuts and Jobs Act affected whistleblowers who submit information to the IRS Whistleblower Office. It turns out that the IRS offers award money to whistleblowers who help investigators discover and prosecute tax evasion....
by taxPRO Websites Staff | Jul 23, 2019 | Tax Tips and News
The nation’s tax practitioners are being reminded federal law requires them to create a written security plan to help protect their clients’ data. The reminder from the Security Summit is more than just a friendly nudge. “Protecting taxpayer data is not only a good...
by taxPRO Websites Staff | Jul 21, 2019 | Tax Tips and News
Bulgaria’s government has confirmed hackers stole the financial data of millions of its citizens. One researcher told Reuters news service the breach may have compromised the personal records of nearly every adult taxpayer in the country. Reuters reports the attack...
