EA Journal: Mind the gap

All parts of the TAX in the News series on the §199A qualified business income (QBI) deduction.

This paper from The Tax Institute presents five scenarios to demonstrate how varying fact patterns could result in tax savings and tax increases under the Tax Cuts and Jobs Act (TCJA).

H&R Block's Jim Buttonow discusses the most common topics that come up for tax professionals when their clients need to get back into filing compliance, such as how far back to file, penalty issues, payment-plan options, and IRS tools to help file an accurate return.

H&R Block's Jim Buttonow outlines 12 facts about IRS extension to pay agreements for tax professionals whose clients just need a little more time to pay. Facts include details about payment terms, the benefits of establishing an agreement, and how to request one.