IR-2018-255, December 19, 2018 WASHINGTON — The Internal Revenue Service today advised employees, whose 2018 federal income tax withholding unexpectedly falls short of their tax liability for the year, that […]
First plug-in electric vehicle manufacturer crosses 200,000 sold threshold; Tax credit for eligible consumers begins phase down on Jan. 1
IR-2018-252, December 14, 2018 WASHINGTON — The IRS announced today that Tesla, Inc. has sold more than 200,000 vehicles eligible for the plug-in electric drive motor vehicle credit during the […]
IRS issues guidance for determining nondeductible amount of parking fringe expenses and unrelated business taxable income; provides penalty relief to tax-exempt organizations
IR-2018-247, December 10, 2018 WASHINGTON – The Internal Revenue Service today issued interim guidance regarding the treatment of qualified transportation fringe benefit expenses paid or incurred after Dec. 31, 2017. The […]
For private corporations and their employees, IRS provides initial guidance on new tax benefit for stock options and restricted stock units
IR-2018-246, December 7, 2018 WASHINGTON — The Internal Revenue Service today issued Notice 2018-97 offering guidance on a recent tax law change that allows qualified employees of privately-held corporations to […]
Security Summit warns employers: Be alert to identity theft and W-2 scams
IR-2018-243, December 6, 2018 WASHINGTON – As the 2019 tax season approaches, the IRS, state tax agencies and the nation’s tax industry joined together to warn small businesses to be […]
Security Summit Partners highlight new password guidance, urge taxpayers and practitioners to protect all accounts
IR-2018-241, December 4, 2018 WASHINGTON — To help protect against cybercriminals stealing identities, the IRS, state tax agencies and the nation’s tax industry urged people to review new, stronger standards […]
IRS reminds those with disabilities of new ABLE account benefits
IR-2018-239, December 4, 2018 WASHINGTON — The Internal Revenue Service wants to remind those with disabilities that the Tax Cuts and Jobs Act (2017) made major changes to Achieving a […]
IRS, Security Summit Partners warn public: It’s shopping season for identity thieves, too; Tax Security Awareness Week offers tips
IR-2018-238, December 3, 2018 WASHINGTON ― With the holiday shopping season in full swing, the Internal Revenue Service and Security Summit partners warn taxpayers to take extra steps to protect […]