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Individual Tax

Senate passes IRS reform bill

Thomson Reuters Tax & Accounting  

Thomson Reuters Tax & Accounting  

The Senate passed the Taxpayer First  Act (H.R. 3151) on Thursday, June 13 by a voice vote. The bill includes provisions to improve customer service, protect personal data, preserve tax-preparation services and curb private debt collectors. The measure now goes to the President who is expected to sign.

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IRS Adds to Schedule K-2 and K-3 FAQs

The IRS has added new FAQs related to various Schedules K-2 and Schedules K-3. The FAQs relate to: Schedule K-2 …