Discussion of Extending Tax Season Beyond April 15th & Economic Stimulus Talks

Treasury and lawmakers are discussing a planned extension of the 2020 tax filing season beyond April 15.

Business Owners, Individuals, IRS News, TreasuryThe Doty GroupMarch 12, 2020Coronavirus, US Treasury Department, AICPA, Tax SeasonComment

A Valuable Tax Credit for Parents Who Adopt

Here are some facts to help people understand the adoption credit and if they can claim it when filing their taxes.

Individuals, IRS NewsThe Doty GroupMarch 10, 2020Tax Rules, Tax Credits, Adoption, Qualified Adoption ExpensesComment

IRS Updates Guidance on Business Expense Deductions for Meals & Entertainment

The proposed regulations affect taxpayers who pay or incur expenses for meals or entertainment.

Business Owners, Individuals, IRS News, Tax ReformThe Doty GroupFebruary 25, 2020Tax Cuts and Jobs Act, TCJA, Business Expenses, Meals Expenses, Meals and Entertainment Expense, IRS, Proposed RegulationsComment

IRS Outlines New Tax Law Effect on Tax Exempt Organizations

Is your tax exempt organization affected by The Taxpayer Certainty and Disaster Relief Act?

IRS News, Tax ReformThe Doty GroupFebruary 3, 2020IRS, Tax Exempt Organizations, Nonprofit, The Taxpayer Certainty and Disaster Tax Relief Act, Parking Lot Tax, Exempt Employers, Tax Cuts and Jobs Act, Private Foundations, investment income, governmental grantsComment

IRS and Treasury finalize Opportunity Zone guidance

The Internal Revenue Service has issued final regulations providing details about investment in qualified opportunity zones (QOZ).

Business Owners, IRS News, Treasury, Tax ReformThe Doty GroupDecember 24, 2019Qualified Opportunity Zones, Qualified Opportunity Fund, QOF, QOZ, QOZ BusinessComment

National Tax Security Awareness Week, Day 5: Tax professionals need data protection plans; must guard against identity theft

Tax Security Awareness Week wraps up with some final thoughts on expectations for tax professionals when it comes to protecting client data.

IRS News, Tax ReformThe Doty GroupDecember 6, 2019National Tax Security Awareness Week, Data Protection, Security Summit, Tax, Tax Security, Safeguarding Taxpayer DataComment

National Tax Security Awareness Week, Day 4: IRS, Security Summit warns business owners about being targets for identity thieves

Business, partnerships and estate and trust filers should be alert to potential identity theft and contact the IRS if they experience any of these issues.

Business Owners, IRS NewsThe Doty GroupDecember 5, 2019National Tax Security Awareness Week, Tax Security, Security SummitComment

National Tax Security Awareness Week, Day 3: Creating strong passwords can protect taxpayers from identity theft

A strong password helps protect your online accounts and the sensitive data contained within them.

Business Owners, Individuals, IRS News, Tax ReformThe Doty GroupDecember 4, 2019Tax Security, National Tax Security Awareness Week, Cybersecurity, Security, Security SummitComment

National Tax Security Awareness Week, Day 2: Don’t take the bait: Recognize, avoid phishing scams from identity thieves

More than 90% of all data thefts begin with an email phishing scam. Here’s what to look out for.

Business Owners, Tax Reform, IRS NewsThe Doty GroupDecember 3, 2019National Tax Security Awareness Week, Phishing Scams, Security Summit, Identity Theft, Tax SecurityComment