by Lisa Monk & Associates LLC | Nov 30, 2020 | Tax Tips and News
A warning has been issued to all taxpayers and tax professionals alike: Beware of scams and identity theft schemes by criminals taking advantage of the holiday shopping period, the approaching tax season and the coronavirus pandemic. The warning comes from the...
by Lisa Monk & Associates LLC | Nov 25, 2020 | Tax Tips and News
The Internal Revenue Service and the Treasury Department have issued their final regulations on section 1031 like-kind exchanges. The regulations clarify the definition of real property under section 1031, while providing a rule governing the receipt of personal...
by Lisa Monk & Associates LLC | Nov 24, 2020 | Tax Tips and News
The Internal Revenue Service is pairing up with a Virginia research firm in an effort to improve the agency’s procurement operations. Data and Analytic Solutions of Fairfax, Va., will team up with the IRS and a group of academic researchers with a shared goal of using...
by Lisa Monk & Associates LLC | Nov 23, 2020 | Tax Tips and News
The Internal Revenue Service Advisory Council, also known as IRSAC, has come out with its annual report for 2020. The 195-page report includes recommendations to the IRS on new and continuing issues in tax administration. The 34-member panel is a federal advisory...
by Lisa Monk & Associates LLC | Nov 20, 2020 | Tax Tips and News
IRS says National Tax Security Awareness Week tips can help you avoid identity theft. Tax professionals across the country are preparing for next filing season by training seasonal staff, reviewing software updates, and earning CPE. While those annual rituals are...
