Perseverance Within the Tax System
President's Message

Perseverance Within the Tax System

I have been thinking about perseverance within the tax system. There seems to be relentless waves of challenges requiring us to cope, adapt, and, ultimately, accept. Legislators have acquired a penchant for making retroactive tax law changes. Retroactive changes affect... David Tolleth, EA

Things You Need to Know for Tax Year 2021
Tax News Briefs

Things You Need to Know for Tax Year 2021

Advanced Payments of Child Tax Credit to Begin July 15 The Internal Revenue Service (IRS) has announced that the first monthly payment of the expanded and newly advanceable child tax credit from the American Rescue Plan will b... TheTaxBook

Preparer Due Diligence Under IRC §6695(g)
Feature Article

Preparer Due Diligence Under IRC §6695(g)

Section 6695(g) was added to the Internal Revenue Code (IRC or the Code) by P.L. 105-34, the Taxpayer Relief Act of 1997. It was one of several statutory changes intended to improve earned income credit (EIC) reporting compliance. As originally enacted, the law... Patrick D. Dimmitt, EA