• Call us: (904) 536-0673
  • Email: marti@redwoodtaxandaccounting.com
Make An Appointment
Redwood Tax & Accounting
  • Home
  • About
  • Services
  • News
  • Contact

Author Archives: Admin

Key tax provisions in the Senate reconciliation bill

  • 08 Aug 2022
  • Admin
  • Uncategorized
  • Comments Off on Key tax provisions in the Senate reconciliation bill
The Inflation Reduction Act passed by the Senate on Sunday includes many tax items, some designed to raise revenue and others to promote various clean energy initiatives.

National taxpayer advocate appeals IRS response on scanning tech

  • 04 Aug 2022
  • Admin
  • Uncategorized
  • Comments Off on National taxpayer advocate appeals IRS response on scanning tech
National Taxpayer Advocate Erin Collins escalated her push for the IRS to adopt barcode scanning of paper tax returns, but the IRS would commit only to a goal of third-party scanning for certain 2022 returns.

Regulations streamline partnership basis elections

  • 04 Aug 2022
  • Admin
  • Uncategorized
  • Comments Off on Regulations streamline partnership basis elections
Final regulations issued by the IRS and Treasury allow a Sec. 754 election statement to be submitted without a partner’s signature.

CHIPS and Science Act with semiconductor tax credit passes Congress

  • 29 Jul 2022
  • Admin
  • Uncategorized
  • Comments Off on CHIPS and Science Act with semiconductor tax credit passes Congress
The bill now goes to President Joe Biden, who has said he will sign it into law.

Senate passes CHIPS Act with semiconductor tax credit

  • 29 Jul 2022
  • Admin
  • Uncategorized
  • Comments Off on Senate passes CHIPS Act with semiconductor tax credit
The bill’s semiconductor production incentives would include a new 25% investment credit.

Senate deal paves way to reconciliation bill with tax provisions

  • 28 Jul 2022
  • Admin
  • Uncategorized
  • Comments Off on Senate deal paves way to reconciliation bill with tax provisions
A federal budget reconciliation bill with tax provisions, including a 15% corporate minimum tax and a variety of tax credits, took a step closer to reality with Sen. Joe Manchin’s agreement to the package’s contents.

Some balance-due notices on joint returns issued in error, IRS says

  • 28 Jul 2022
  • Admin
  • Uncategorized
  • Comments Off on Some balance-due notices on joint returns issued in error, IRS says
Payments made by the second-listed spouse on a joint return for 2021 under certain conditions may not have been properly credited by the IRS.

IRS seeks transformation in new 5-year plan

  • 20 Jul 2022
  • Admin
  • Uncategorized
  • Comments Off on IRS seeks transformation in new 5-year plan
The IRS’s fiscal 2022–26 Strategic Plan sets out goals to modernize its operations and interactions with taxpayers while adapting to new challenges and threats.

Pandemic-paused IRS return preparer visits could resume by video

  • 15 Jul 2022
  • Admin
  • Uncategorized
  • Comments Off on Pandemic-paused IRS return preparer visits could resume by video
The U.S. GOA recommended that the IRS pilot videoconferencing for its program singling out “high-risk” return preparers for direct compliance checks and education with respect to refundable tax credits and other taxpayer tax benefits.

AICPA recommends additional IRS backlog measures

  • 13 Jul 2022
  • Admin
  • Uncategorized
  • Comments Off on AICPA recommends additional IRS backlog measures
Looking ahead to next filing season, the AICPA renews previous calls for taxpayer relief and administrative remedies to help the IRS clear overages in its return and correspondence inventories.
1 2 … 44

Recent Posts

  • Key tax provisions in the Senate reconciliation bill
  • National taxpayer advocate appeals IRS response on scanning tech
  • Regulations streamline partnership basis elections
  • CHIPS and Science Act with semiconductor tax credit passes Congress
  • Senate passes CHIPS Act with semiconductor tax credit

Our Brochure

View our 2019 accounting brochure for an easy to read guide on all of the services offered.

Download .PDF

Download .DOC

Copyright 2019 Redwood Tax & Accounting
  • Website Design By Birdine Productions