With new SALT limit, IRS explains tax treatment of state and local tax refunds

WASHINGTON — The Internal Revenue Service today clarified the tax treatment of state and local tax refunds arising from any year in which the new limit on the state and local tax (SALT) deduction is in effect. In  Revenue Ruling 2019-11 (PDF) , posted today on IRS.gov, the IRS provided four examples illustrating how the long-standing tax benefit rule … Continue reading “With new SALT limit, IRS explains tax treatment of state and local tax refunds”

Tips for Last Minute Filers

WASHINGTON — As the tax-filing deadline fast approaches, the Internal Revenue Service is reminding taxpayers who have yet to file their tax returns that there are a variety of options to help them. IRS tax help is available 24 hours a day on IRS.gov. Whether filing a tax return, requesting an extension or making a … Continue reading “Tips for Last Minute Filers”

Update Your PTIN Account Information

PTIN holders with an  online account  can update most information online. After logging into the account: Select “Manage PTIN Account Information” to update: Personal mailing address Personal phone number Business name Business website address Business phone number Business mailing address CAF, EIN, EFIN Select “View or Edit Account Login Information” to update: Email address To update Professional … Continue reading “Update Your PTIN Account Information”