Archive | Washington Hotline

Washington Hotline – October 24, 2017

WASHINGTON NEWS IRS Security Summit Highlights Progress On October 17, the IRS held a Security Summit Conference in Washington. In his presentation, and in letter IR-2017-176, Commissioner John Koskinen highlighted the success of the Security Summit in reducing identity theft. Koskinen stated, “We have made tremendous progress since the Security Summit Partnership held its first […]

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Washington Hotline – October 17, 2017

WASHINGTON NEWS Will Tax Reform Include New Charitable Deductions? As the House Ways and Means Committee staff continues to draft a massive tax reform bill, a new proposal could expand charitable giving. This week, Rep. Mark Walker (R-NC) introduced the Universal Charitable Deduction Act (UCDA). The UCDA proposes allowing “above the line” charitable deductions in […]

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Washington Hotline – October 3, 2017

WASHINGTON NEWS IRS Highlights Education Benefits With America’s children back in school this fall, the Service highlighted education benefits for teachers and students in IR-2017-163 and 166. Teachers have three potential benefits. An educator may deduct “above the line” amounts up to $250 so long as they are unreimbursed business expenses. This deduction is available […]

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Washington Hotline – September 12, 2017

WASHINGTON NEWS Prepare for Hurricane Irma Thousands of Florida and Georgia residents are preparing for Hurricane Irma. At publication time, the category four hurricane is expected to cause widespread damage in both states. In IR 2017-145, the Service offered tips for September’s National Preparedness Month. The IRS and Federal Emergency Management Agency (FEMA) urge all […]

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