IR-2018-210, Oct. 31, 2018 WASHINGTON — The Internal Revenue Service today issued proposed regulations reducing the amount determined under Internal Revenue Code section 956 for certain domestic corporations that own […]
2019 PTIN renewal period underway for tax professionals
IR-2018-207, Oct. 23, 2018 WASHINGTON — The Internal Revenue Service today reminded the nation’s more than 768,000 federal tax return preparers that they must renew their Preparer Tax Identification Numbers […]
Information Reporting Program Advisory Committee issues 2018 annual report
IR-2018-208, Oct. 24, 2018 WASHINGTON — The Information Reporting Program Advisory Committee (IRPAC) today issued its annual report for 2018 including numerous recommendations to the Internal Revenue Service on new […]
IRS: Several tax law changes may affect bottom line of many business owners
IR-2018-203, October 16, 2018 WASHINGTON — The Internal Revenue Service today reminded business owners that tax reform legislation passed last December affects nearly every business. With just a few months […]
Treasury, IRS issue proposed regulations on new Opportunity Zone tax incentive
IR-2018-206, October 19, 2018 WASHINGTON —The Treasury Department and the Internal Revenue Service today issued proposed regulations and other published guidance for the new Opportunity Zone tax incentive. Opportunity Zones, […]
Reduced 24-percent withholding rate applies to small businesses and other payers; Revised backup withholding publication features helpful FAQs
IR-2018-205, October 18, 2018 Washington — The Internal Revenue Service today urged small businesses and other payers to check out the agency’s newly-revised backup withholding publication, now available on IRS.gov. […]
IRS announces waiver of dyed fuel penalty in Florida
IR-2018-200, Oct, 15, 2018 WASHINGTON — The Internal Revenue Service (IRS), in response to shortages of undyed diesel fuel caused by Hurricane Michael, will not impose a penalty when dyed […]
IRS to highlight tax reform changes affecting small businesses; Small business owners, self-employed should plan now for new changes
IR-2018-197, Oct. 9, 2018 WASHINGTON — With just a few months left in tax year 2018, the Internal Revenue Service today urges small business owners to learn about how the […]
Extension filers can still get tax help before Oct. 15 deadline
IR-2018-198, October 10, 2018 WASHINGTON — The Internal Revenue Service reminds taxpayers who filed extensions that electronic filing and other options for help with taxes are still available before the […]
IRS issues guidance on Tax Cuts and Jobs Act changes on business expense deductions for meals, entertainment
https://www.irs.gov/newsroom/irs-issues-guidance-on-tax-cuts-and-jobs-act-changes-on-business-expense-deductions-for-meals-entertainment IR-2018-195, Oct. 3, 2018 WASHINGTON — The Internal Revenue Service issued guidance today on the business expense deduction for meals and entertainment following law changes in the Tax Cuts […]