The Internal Revenue Service issued a notice Monday providing interim guidance on a provision of the Tax Cuts and Jobs Act that imposes an excise tax on excess payments and remuneration of top officials at tax-exempt organizations. Bloomberg News Section 4960 of the Tax Cuts and Jobs Act taxes some nonprofits on the compensation they […]

Read More »

The Internal Revenue Service’s partnership with state and industry leaders is a key focus in further reducing tax-related identity theft, according to a new report. The report, from the Treasury Inspector General for Tax Administration, evaluated the impact of the IRS’s Security Summit partnership with state tax authorities, tax preparation chains, and tax prep software […]

Read More »