The Internal Revenue Service is reminding taxpayers to beware of criminals who continue using devious tactics to steal money and personal information from unsuspecting victims, especially as the fall season approaches.

It took a little over eight months, but the IRS has issued much-anticipated proposed regulations regarding the 20 percent pass-through deduction provided under Section 199A. The 184 pages of proposed regulations provide answers to some, but not all, of the questions considered since the Tax Cuts and Jobs Act ( TCJA)  was signed into law on Dec. 22, 2017.

The Indiana Department of Revenue (DOR) is announcing next steps after the U.S. Supreme Court issued its landmark decision in South Dakota v. Wayfair, Inc on June 21, 2018. 

The IRS has informed taxpayers that it intends to propose regulations addressing the federal income tax treatment of certain payments made by taxpayers to state-established "charitable funds" for which they receive a credit against their state and local taxes.

In a 5-4 decision recently, the Supreme Court turned the sales tax world on its head by overturning South Dakota v. Wayfair. The decision reverses decades of history related to sales tax nexus and a retailer’s obligation to collect and remit tax when it sold its products across state lines

An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation authority to the Internal Revenue Service.

Treasury and the IRS hope to complete several guidance projects implementing the 2017 tax law by mid-August, but some high-profile projects may take longer, acting IRS Commissioner David Kautter said May 12.

The Indiana Department of Revenue (DOR) was nationally recognized today for having “the best sales tax practices amongst all states” by the Council of State Taxation (COST). Indiana DOR received an A- on COST’s grading scale.

Spoiler alert: Indiana ranks as the 23rd lowest for real-estate.

Indiana businesses and individual taxpayers might have double the work (and double the cost) to calculate their taxes next year, since lawmakers packed up and went home this month without passing a key update to state tax laws.