Daily Archives: October 5, 2018

Interest received U/s.28 of Land Acquisition Act not taxable : ITAT

By | October 5, 2018

In case the interest is received under section 28 of the Land Acquisition Act, then same is not taxable in the hands of the assessee and in case, the interest is received under section 34 of the Land Acquisition Act, the same is taxable in the hands of the assessee. IN THE ITAT PUNE BENCH… Read More »

USA IRS : Tax preparers should look out for these signs that a criminal stole information

By | October 5, 2018

Tax preparers should look out for these signs that a criminal stole information   Tax professionals should be alert to the subtle signs of data theft. The IRS and its Security Summit partners note that there are many cases where preparers are victims of theft and don’t even know it. Cybercriminals often leave very few signs of… Read More »

USA IRS : Tips for tax preparers on how to create a data security plan

By | October 5, 2018

Tips for tax preparers on how to create a data security plan   The IRS reminds tax preparers that protecting taxpayer information isn’t just good for their clients and good for business – it’s also the law. The Federal Trade Commission’s Safeguards Rule requires that tax preparers create and enact security plans. Although the IRS and its… Read More »

USA IRS : Organizations seeking volunteers to help taxpayers

By | October 5, 2018

Organizations across the country seeking volunteers to help taxpayers The IRS and its community partners are seeking people across the country to become volunteers certified by the IRS on their sites for free tax preparation. Volunteers can begin now to join one of these programs that offer valuable taxpayers US aid. Voluntary Assistance Program Taxpayers (VITA acronym in English): VITA… Read More »

USA IRS : Victims of natural disasters can visit IRS.gov for useful resources

By | October 5, 2018

Victims of natural disasters can visit IRS.gov for useful resources Following a natural disaster, many people have questions about how the situation might affect your taxes. People who experience a disaster, or anyone who knows someone who has suffered from a disaster, visit IRS.gov for information to answer your questions. Here we present a summary… Read More »

USA IRS : New tax credit for employer-paid family and medical leave available for 2018 and 2019

By | October 5, 2018

New tax credit for employer-paid family and medical leave available for 2018 and 2019 IR-2018-191SP, September 24, 2018 WASHINGTON – The Internal Revenue Service announced today that eligible employers who provide paid family and medical leave to their employees can qualify for a new commercial credit for tax years 2018 and 2019. In addition, eligible… Read More »

USA IRS : IRS Refunds Employer 2018 by employees in 2017 removals are generally tax-free

By | October 5, 2018

IRS Refunds Employer 2018 by employees in 2017 removals are generally tax-free WASHINGTON – The employer payments or reimbursements in 2018 for employee moving expenses incurred before 2018 are excluded from the employee’s wages for wage and tax purposes, today announced the Internal Revenue Service. Law Jobs and Tax Reduction (TCJA) 2017 suspended the income… Read More »

USA IRS : Taxpayers can connect to the IRS via IRS2Go application for mobile phones

By | October 5, 2018

Taxpayers can connect to the IRS via IRS2Go application for mobile phones Those taxpayers who need tax help can simply take your cell phone and download the mobile application, IRS2Go which is free and available for use with any iOS or Android system. Taxpayers can use IRS2Go for: Check the status of your refund. Taxpayers can check the… Read More »