Wolters Kluwer Tax & Accounting released its estimates Monday of tax bracket ranges and other inflation-adjusted tax figures, including the standard deduction and personal exemption level, predicting the biggest tax savings in 11 years no matter what happens with tax reform.
The Internal Revenue Service will be taking steps to deter the risk of employment tax fraud by professional employer organizations beyond the certification process it established in recent years, according to a new report.
Rep. Lloyd Doggett, D-Texas, along with 30 other members of Congress, has introduced a bill to provide tax relief to victims of Hurricanes Harvey and Irma, in addition to the relief granted in recent weeks by the Internal Revenue Service.
Tax reform notwithstanding, the tax research providers Bloomberg BNA and Thomson Reuters both released their predictions Thursday for the annual inflation-adjusted tax rates that the Internal Revenue Service is likely to announce in the coming weeks.
The Internal Revenue Service is giving tax-exempt organizations in the parts of Texas, Florida, Puerto Rico and the U.S. Virgin Islands affected by Hurricanes Harvey and Irma more time to file their returns.
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