News Releases | Industry Updates
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.
Running out of money is the top financial concern of clients planning for retirement, cited by 30 percent of CPA financial planners. This reflects an improvement from the AICPA’s 2016 survey, which found 41 percent of clients listing it as a top concern.
The Doty Group would like to congratulate several members of our team on their promotions within the firm!
If you need your prior-year tax records to complete your 2018 return or to validate your income, the IRS has a transcript service available on their website where you can request a copy online or request delivery by mail.
On Friday, February 8, 2019, The Doty Group was presented with two awards from the Tacoma-Pierce County Chamber at their annual WorkWell Award luncheon.
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.
The Northwest Spay and Neuter Center (NWSNC) is pleased to announce that planning efforts are well underway for their 2019 Whiskers Wine & Dine gala, which will be held Saturday, March 9 th at the McGavick Conference Center on the Clover Park Technical College campus.
The Doty Group, P.S. is pleased to announce a new member of their organization, Alexandra Marler, CPA, MBA.
Don’t miss these 1099-Misc deadlines in February!
Under Federal law, most employee benefit plans with 100 or more participants must submit audited plan financial statements when they file an annual return/report (commonly called the “Form 5500”)1 . If your employee benefit plan must have an annual audit, hiring an independent qualified public accountant is one of the plan administrator’s most important fiduciary responsibilities.
Despite the 35-day partial government shutdown, tax refunds are expected to be issued timely this year. To that end, Treasury and the IRS are prepared for the 2019 tax filing season, which began on January 28, according to Treasury Secretary Steven Mnuchin.
The Treasury Department and the Internal Revenue Service issued final regulations and three related pieces of guidance, implementing the new qualified business income (QBI) deduction (section 199A deduction).
Partnerships and corporations have different standards for filing an information return or income tax return.
The IRS has announced that it is generally waiving the penalty for any taxpayer who paid at least 85 percent of their total tax liability during the year.
This year, we are continuing to utilize a program called SafeSend Returns to electronically deliver tax returns. SafeSend Returns allows us to deliver your tax return securely to you, and includes easy-to-follow instructions to digitally sign your e-file authorization forms, download a copy, and make payments (if necessary).
In the beginning of January, TDG heads to Sunriver, OR for a weekend to spend some fun bonding time together before Tax Season hits full swing.
The IRS has ceased vital taxpayer services, which include but are not limited to answering taxpayer questions and accepting non-disaster relief transcript requests. Moreover, the IRS has previously stated that it will not issue refunds in the midst of a government shutdown.
The amount of the proceeds from the sale of your home that you use to pay off the mortgage isn't a factor in figuring your taxable amount for the sale. Instead, the amount you realize on the sale of your home and the adjusted basis of your home are important in determining whether you're subject to tax on the sale.
Here is an overview of some of the important changes and issues from the Tax Cuts and Jobs Act, as well as some actions you may be able to take before year-end to maximize your tax savings for 2018.