The IRS expects to have a permanent leader for the Taxpayer Advocate Service in place by early April, according to Bloomberg Tax. The Taxpayer Advocate Service is an independent office within the IRS that serves as the internal watchdog for the agency and makes recommendations to Congress about how the IRS could better serve taxpayers…. Read more »

Category: IRS

The IRS last Friday released proposed rules for businesses to follow when deducting business meals and entertainment expenses following the 2017 tax overhaul. Prior to changes in the tax law, the deduction was limited to 50% of the cost of meal and entertainment expenses. The 2017 Tax Cuts and Jobs Act repealed the deduction for… Read more »

The White House on Feb. 24 asked Congress for $1.8 billion in emergency spending to respond to the coronavirus epidemic spreading across the globe. The request includes $1.25 billion in new spending for the Department of Health and Human Services, as well as the ability to use $535 million in previously appropriated funds set aside… Read more »

Ethos Capital, the private equity firm seeking to buy the rights to operate the .ORG domain registry, on Feb. 21 offered a set of legally binding concessions to .ORG registrants concerned about the proposed sale. Specifically, Ethos has offered to cap price hikes for initial or renewal registrations of .ORG domain names at no more… Read more »

The Department of Homeland Security (DHS) announced this week it will allow states to accept documents for Real ID applications electronically, increasing the likelihood that millions of Americans can obtain new driver’s licenses and ID cards they will need in order to pass through airport security this fall. Beginning Oct. 1, only driver’s licenses and… Read more »