August 11, 2013
In order to reduce taxpayer burden, the IRS has added the following new options to Schedule C and Schedule D:
Home Office Deduction — New Simplified Method
This new simplified method has been added to Schedule C and may be used by taxpayers that use 300 square feet or less of their home for business purposes.
Here are highlights of the simplified method:
For more details see the Simplified Option for Home Office Deduction.
Aggregate Transaction Reporting on Schedule D
(Capital Gains and Losses)
For stock sales, if the basis that is reported on the Form 1099-B (Proceeds From Broker and Barter Exchange Transactions) is correct, then the totals of all of these transactions may be reported directly on Schedule D on new lines 1a or 8a instead of completing Form 8949 (Sales and Other Dispositions of Capital Assets).
2021 PTIN Renewal is Now Underway
October 21, 2020
Updated Publication 1345 is now available
October 6, 2020
Last Round of ITINs will expire at end of 2020
September 15, 2020
Update on IRS Efforts to Fight Tax Identity Theft
August 12, 2020
Reminder: Filing Deadline is July 15
July 7, 2020
Reminders of Filing Deadlines for 2019 Returns and 2020 2nd Estimated Payment
June 8, 2020