by Patricia Parrilla Tax Services | Jul 25, 2020 | Tax Tips and News
Many taxpayers may have collectively breathed a sigh of relief on July 16, but anyone selling big-ticket items between now and the end of 2020 will still need to report large cash transactions. The Internal Revenue Service says these reports can be batch e-filed,...
by Patricia Parrilla Tax Services | Jul 23, 2020 | Tax Tips and News
The IRS this week published the first installment of the Security Summit’s annual data security outreach campaign: “Working Virtually: Protect Tax Data at Home and at Work.” Taking place over five weeks, this year’s event—as the title suggests—focuses on how to...
by Patricia Parrilla Tax Services | Jul 22, 2020 | Tax Tips and News
Many states are rolling back reopening plans, and the looming flu season could present additional complications. That’s why the Internal Revenue Service and Security Summit partners are developing a five-week data security campaign that focuses on remote work. “To...
by Patricia Parrilla Tax Services | Jul 21, 2020 | Tax Tips and News
The Internal Revenue Service says seniors and retirees aren’t required to take money out of their IRAs and workplace retirement plans this year. The Coronavirus Aid, Relief, and Economic Security Act—also known as the CARES Act—waives the required minimum...
by Patricia Parrilla Tax Services | Jul 19, 2020 | Tax Tips and News
A new report gives the Internal Revenue Service high marks for the steps taken in the fight against refund fraud and identity theft tax refund fraud. But despite the large gains made against criminal efforts, the report adds that there’s no time to rest on one’s...
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