Issues and Guidance from the IRS

Below, you’ll find resources, provided by the IRS, to guide you through tax season.

TCJA Guidance:

Publication 5318, TCJA: What’s New for Your Business This electronic publication covers many of the TCJA provisions that are important for small and medium-sized businesses, their owners and tax professionals to understand.

Due Diligence/EITC Awareness/Practitioner Toolkit:

Review the EITC due diligence rules for this filing season. Remember, the Tax Cuts and Jobs Act of 2017 amended code section 6695 to add due diligence requirements for the head of household (HOH) filing status. Our tax preparer toolkit has everything needed to help with claims for the Earned Income Tax Credit, the Child Tax Credit/Additional Child Tax Credit/Credit for Other Dependents and the American Opportunity Tax Credit.

For additional information and guidance, please review the Hot Issues Summary provided by the IRS.