The IRS plans to renovate over one hundred of its computer systems as well as produce hundreds of new forms, instructional guides and publications to help with the administration of the new tax law, as per the spending plan published by the Wall Street Journal. The new plan will require over 500 extra hours of… Read more »
Posts Categorized: Business
ProfessionalTaxSoftwareReviews.com provides information on IRS plan to better meet the evolving needs of the tax community
The new IRS Strategic Plan was developed to more effectively guide the agency’s operations, while also meeting the evolving needs of all members of the tax community. Acting IRS Commissioner, David Kautter explains that providing better service to taxpayers is a vital component of the agency’s mission, and that the new strategic plan will help… Read more »
Sigma Tax Pro provides information published by the IRS on the agency giving relief from transition tax on foreign earnings
Earlier this week, the IRS confirmed that it will be foregoing late payment penalties as per section 965 of the new tax code. Section 965 was implemented as a part of the Tax Cuts and Jobs Act in December of 2017, calling for a transition tax on untaxed foreign income of offshore companies owned by… Read more »
ProfessionalTaxSoftwareReviews.com sheds light on new tax reform changes to expenses, deductions and limits on depreciation
On Friday, the IRS offered an updated notice relating to the Tax Cuts and Jobs Act that may potentially affect millions of tax returns submitted by professional preparers in the coming years. The tax reform that Congress has passed last year suspends the deduction for moving expenses beginning Dec. 31, 2017 up until Jan. 1,… Read more »
SIVA-DeTao Graduates Take Masterful Strides into the World
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The grand story of the rise of China often focuses on huge infrastructure and technical leaps. However, far less is made of one of the most essential elements – human capital. The central government has long recognized the importance of investing in people, in terms of their skills, potential and networks. One of the most… Read more »
