Tax & Current Accounting Topics

IRS National Tax Security Awareness Week, Day 2: 2021 online tax preparation products to offer multi-factor authentication for taxpayers, tax pros https://www.irs.gov/newsroom/irs-nati...

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New Security Measures Help Protect Against Tax-Related Identity Theft  English WASHINGTON — The Internal Revenue Service, state tax agencies and the tax industry today marked the second day of National Tax Security Awareness Week by announcing an improved feature that will be available on all 2021 online tax preparation products.

National Tax Security Awareness Week opens with warnings to all taxpayers and tax professionals as holidays, 2021 tax season approach https://www.irs.gov/newsroom/national...

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The Internal Revenue Service and the Security Summit partners today issued warnings to all taxpayers and tax professionals to beware of scams and identity theft schemes by criminals taking advantage of the combination of holiday shopping, the approaching tax season and coronavirus concerns.

Get ready to file taxes: What to do before the tax year ends 

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COVID Tax Tip 2020-162, November 30, 2020  There are things taxpayers can do before the end of the year to help them get ready for the 2021 tax filing season. Below are a few of them.

Special $300 tax deduction helps most people give to charity this year – even if they don’t itemize

https://www.irs.gov/newsroom/special-...

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The Internal Revenue Service today reminded taxpayers of a special new provision that will allow more people to easily deduct up to $300 in donations to qualifying charities this year.

Special $300 tax deduction helps most people give to charity this year – even if they don’t itemize 

https://www.irs.gov/newsroom/special-...

https://accountinginstruction.info/

The Internal Revenue Service today reminded taxpayers of a special new provision that will allow more people to easily deduct up to $300 in donations to qualifying charities this year.

Get Ready for Taxes: Steps to take now to make tax filing easier in 2021 

https://www.irs.gov/newsroom/get-read... 

https://accountinginstruction.info/

The Internal Revenue Service today encouraged taxpayers to take necessary actions this fall to help file federal tax returns timely and accurately in 2021.

ABLE accounts are a valuable benefit for taxpayers with disabilities 

https://www.irs.gov/newsroom/able-acc... 

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Living with a disability can come with additional expenses. Achieving a Better Life Experience accounts are authorized tax-advantaged 529A accounts that help disabled people pay qualified disability-related expenses.

The Treasury Department and IRS issue final regulations regarding like-kind exchanges of real property 

https://www.irs.gov/newsroom/the-trea...

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Today the Treasury Department and Internal Revenue Service issued final regulations PDF relating to section 1031 like-kind exchanges. These final regulations address the definition of real property under section 1031 and also provide a rule addressing the receipt of personal property that is incidental to real property received in a like-kind exchange.

IRS announces procurement research partnership to improve contracting processes 

https://www.irs.gov/newsroom/irs-anno... 

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WASHINGTON — The Internal Revenue Service's Office of the Chief Procurement Officer today announced a research partnership with Data and Analytic Solutions, a small business located in Fairfax, Virginia. The partnership also includes a group of academic researchers with a goal to use data science to improve IRS procurement operations.

Here’s what taxpayers can do now to Get Ready to file taxes in 2021 

https://www.irs.gov/newsroom/heres-wh... 

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COVID Tax Tip 2020-159, November 23, 2020  There are steps people can take now to make sure their tax filing experience goes smoothly in 2021. First, they can visit the Get Ready page on IRS.gov.