Andrew C. Fantasia, P.C.
Certified Public Accountants & Consultants
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President Biden support extending the individual tax provisions of the Tax Cuts and Jobs Act, many of which are set to expire next year, Department of the Treasury Secretary Janet Yellen said.


Corporations and billionaires will be paying more in taxes if Congress follows recommendations President Biden gave during his State of the Union address.


The IRS has launched a new initiative to improve tax compliance among high-income taxpayers who have not filed federal income tax returns since 2017.


An individual’s claim for innocent spouse relief was rejected for lack of jurisdiction because the taxpayer failed to file his petition within the 90-day deadline under Code Sec. 6015(e)(1)(A)


The IRS has continued to increase the amount of information available in multiple languages. This was part of the IRS transformation work under the Strategic Operating Plan, made possible by additional resources provided by the Inflation Reduction Act (P.L. 117-169).


The IRS has granted to withholding agents an administrative exemption from the electronic filing requirements for Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.


Congress and the new Obama Administration are working to quickly enact a massive economic stimulus package to jump start the U.S. economy. Democrats in the House and Senate have unveiled a$816 billion stimulus package including roughly $275 billion in tax incentives. The fact that Democrats control both the House and the Senate should speed delivery of a final stimulus bill to the White House before the end of February.