Posts tagged Tax
Latest Information On The 199A Qualified Business Income Deduction

The IRS has released a Fact Sheet outlining the components and related details of the section 199A deduction, also known as the qualified business income deduction. Many individuals, including owners of businesses operated through sole proprietorships, partnerships, S-corps, trusts and setates may be eligible for this deduction.

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Free Tax Preparation Available For Millions of Families

The IRS works with local community groups to certify thousands of volunteers who are trained in the latest tax law. Eligible taxpayers should consider taking advantage of these free programs. This includes people with disabilities and people who speak limited English. Here are some additional details about these two programs.

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National Taxpayer Advocate Annual Report to Congress

National Taxpayer Advocate Nina E. Olson today released her 2018 Annual Report to Congress, describing challenges the IRS is facing as a result of the recent government shutdown and recommending that Congress provide the IRS with additional multi-year funding to replace its core IT systems.

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