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Taxpayers’ Tasks To Get Ready For 2020; The Internal Revenue Service (IRS) reminds all tax professionals throughout United States for reviewing their e-Services account and to get ready for 2020 by performing specific tasks. To review the e-Services account is…
Important Things to Know About Tax Credits; The Internal Revenue Service (IRS) recommends each taxpayer in the United States to check their eligibility for a list of significant tax credits. Black Ink makes its clients tax ready with the quickly…
The Internal Revenue Service (IRS) updated guidelines for taxpayers in the United States regarding deductible business, charitable, medical and moving expenses. The guidance has been updated by the IRS for the convenience of the taxpayers in USA so that they…
The Internal Revenue Service (IRS) significantly raises enforcement action on syndicated conservation easement in the United States. According to the details, a considerable increase has been applied in the enforcement actions for syndicated conservation easement transactions which is a main…
Women Owned Businesses in USA : The ranking Democrat on the Senate Finance Committee, Mr. Sen. Ron Wyden, D-Oregon, introduced legislation for the creation of two brand new tax incentives to facilitate help small businesses owned by women in the…
Since the passage of the corporate tax cuts and Jobs Act at the end of the year 2017, the corporate section in the United States of America is adjusting the strategies to run their business after the corporate tax cuts….
Offshore Profit Tax : The Internal Revenue Service (IRS) issues a notification for all those companies in the United States that owe taxes on overseas profits. The companies that owe off-shore profit tax are continuously being monitored and watched by…
New Tax Form 8996; The Internal Revenue Service (IRS) and the Treasury Department of the United States propose opportunity zone tax form. According to the details, a draft version of a proposed tax form is released jointly by the IRS…
IRS Issues Tax Inflation Adjustments; The Internal Revenue Service (IRS) provides the tax year 2020 annual inflation adjustments including the tax rate; schedules as well as other tax changes in the United States, applicable for 60 plus tax provisions. To…
IRS Increases 401 Contributions; The Internal Revenue Service (IRS) today announced that all employees throughout the United States in 401(k) plans will be eligible to contribute up to $19,500 next year in 2020. Further changes have been made in Notice…