IRS Furlough Day Canceled
Tax Business Owners take note: The previously scheduled IRS furlough day due to budget constraints of Monday, July 22nd has been cancelled, and the IRS will be on the job. We will continue to update you on the status of the next scheduled agency-wide employee furlough day, August 30, 2013, as more info from the […]
IRS Pushes Back Employer Mandate
The Internal Revenue Service has issued a formal notice that officially delays the employer shared responsibility provisions of the Affordable Care Act, also known as the employer mandate, for a year and postpones the information reporting requirements. The White House and the Treasury Department posted announcements about the delay last week on blogs (see Obama […]
Republicans Propose Cutting IRS Budget By 24%…Retaliation?
In a completely unsurprising turn of events, the GOP is proposing a 24% budget decrease for the IRS as punishment for recent events. The recent events that actually call for the reduction are up for speculation, but many things have been putting the IRS in a unwanted spotlight lately. For example, the 4.1 million dollar […]
Federal Direct Closed for Independence Day
It’s that part of summer again. Time to celebrate our independence with fireworks and cookouts! We wish everyone a safe and happy Independence Day! In observance of the holiday, Federal Direct will be close tomorrow, July 4th, and Friday, July 5th. The office will reopen on Monday July 8th at 9 am.
IRS to Shutter Two Services Used by Tax Pros
The Internal Revenue Service plans to end the Disclosure Authorization and Electronic Account Resolution on August 11th 2013. The Service claims that these electronic services aren’t used much and account for only 3% of all account-related issues. Tax practitioners are irate. It’s a newer service much faster than calling and waiting on hold. After the […]