Monthly Archives: March 2020
Tax Exempt Organizations Required to E-File Under New Law
On July 1st, Congress enacted the Taxpayer First Act, which requires certain tax exempt organizations to file information returns and related forms electronically. The new law went into effect this year, so taxpayers who believe that its terms could apply to them this tax season, should be careful to review the law and if… Read More »
Safe Harbor for Taxpayers with Discharged Student Loans
The IRS recently established a safe harbor that extends relief to taxpayers who took out student loans, whether federal or private, to finance attendance at a post-secondary educational institution. Relief has also been offered to creditors who would usually be required to file returns and provide the IRS with payee statements to discharge indebtedness…. Read More »
The Benefits of Using Direct Deposit this Tax Season
As tax season looms ever nearer, taxpayers should begin thinking about using direct deposit to receive their refunds, as this option allows funds to be deposited directly into either a checking or savings account. In fact, it is even possible for a refund to be deposited into one, two, or three different accounts. To… Read More »
The Effects of the New Tax Law on Exempt Organizations
Late last year, Congress enacted the Taxpayer Certainty and Disaster Tax Relief Act, a law whose provisions apply to many tax exempt organizations. To learn more about this law and how it could affect your own business’s tax situation, please contact an experienced Florida tax & IRS attorney who can advise you. Parking Lot… Read More »