https://www.irs.gov/newsroom/irs-increases-visits-to-high-income-taxpayers-who-havent-filed-tax-returns If you have unfiled tax returns, the IRS will attempt to file the tax returns for you. When the IRS files a tax return for a taxpayer, it is called a Substitute for Return. If you need help, contact a tax attorney to guide you through the process.
Chief Judge Maurice B. Foley announced today that the United States Tax Court has adopted final amendments to its Rules of Practice and Procedure. The Court has replaced Appendix II, Fees and Charges, with a Fee Schedule. On November 25, 2019, the Court issued proposed amendments to its Rules of Practice and Procedure and invited… Read More »
https://www.irs.gov/newsroom/irs-finalizes-safe-harbor-to-allow-rental-real-estate-to-qualify-as-a-business-for-qualified-business-income-deduction The Internal Revenue Service today issued Revenue Procedure 2019-38 (PDF) that has a safe harbor allowing certain interests in rental real estate, including interests in mixed-use property, to be treated as a trade or business for purposes of the qualified business income deduction under section 199A of the Internal Revenue Code (section 199A deduction). If you have… Read More »