by Lisa Monk & Associates LLC | Jul 8, 2019 | Tax Tips and News
The Tax Cuts and Jobs Act (TCJA) made sweeping changes to the tax code, but one important change didn’t affect tax year 2018 tax returns. That’s why the IRS issued a tax tip reminding taxpayers that the TCJA changed how alimony and separate maintenance payments will...
by Lisa Monk & Associates LLC | Jul 8, 2019 | Tax Tips and News
For some years now we’ve heard about how the Information Technology systems inside the Internal Revenue Service need major upgrades. A new audit by the Treasury Inspector for Tax Administration finds that the lack of current technology is also raising administrative...
by Lisa Monk & Associates LLC | Jul 8, 2019 | Tax Tips and News
The IRS announced that more Ohio taxpayers may be eligible to receive tax relief following the devastating tornadoes that swept across the state at the end of May. As of July 3, victims in Mahoning county have been added to the list of taxpayers who may qualify. As...
by Lisa Monk & Associates LLC | Jul 7, 2019 | Tax Tips and News
The IRS released a tax tip just in time for the long Independence Day weekend. In the press release, the agency lists tips for spotting identity theft tax refund fraud (IDTTRF). Since tax scams can take many forms, the IRS broke them down into two categories: “phone...
by Lisa Monk & Associates LLC | Jul 2, 2019 | Tax Tips and News
The president has signed a package of IRS reforms into law after the legislation passed both houses of Congress with strong bipartisan support. Accounting Today reports the Taxpayer First Act overhauls key aspects of the IRS, encourages the agency to modernize its...
