Category Archives: Tax

E-signatures temporarily allowed on some tax forms

Taxpayers are encouraged to e-file forms this year, whenever possible, because of COVID-19. To protect the health of taxpayers and tax professionals, the IRS is temporarily allowing the use of digital signatures on some tax forms that can’t be filed electronically.This will help reduce in-person contact and lessen the risk to taxpayers and tax professionals…
Read more

IRS expands tax help into more languages; Form 1040 offered in Spanish and more services, information available in multiple languages

WASHINGTON — As part of a larger effort to reach underserved communities, the Internal Revenue Service is taking a number of aggressive steps to expand information and assistance available to taxpayers in additional languages, including providing the Form 1040 in Spanish for the first time. In addition to being available in English and Spanish, the…
Read more

26 CFR 601.105: Examination of returns and claims for refund, credit or abatement;

determination of tax liability(Also: 842(b))Rev. Proc. 2020-41SECTION 1. PURPOSEThis revenue procedure provides the domestic asset/liability percentages anddomestic investment yields needed by foreign life insurance companies and foreignproperty and liability insurance companies to compute their minimum effectivelyconnected net investment income under section 842(b) of the Internal Revenue Codefor taxable years beginning after December 31, 2018. Instructions…
Read more

Tax Return Errors-Tips to Avoid Them

Here is a video tax tip from the IRS:  Tax Return Errors-Tips to Avoid Them English | Spanish | ASL Subscribe today: The IRS YouTube channels provide short, informative videos on various tax related topics in English, Spanish and ASL. www.youtube.com/irsvideoswww.youtube.com/irsvideosmultilinguawww.youtube.com/irsvideosASL
Read more

Visit Us On TwitterVisit Us On FacebookVisit Us On Linkedin