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Month: January 2019

IRS reminds employers, other businesses of Jan. 31 filing deadline for wage statements, independent contractor forms

January 31, 2019Business, General, Tax Tips

IR-2019-08, January 29, 2019 WASHINGTON — The Internal Revenue Service today reminds employers and other businesses of the Jan. 31 filing deadline that applies to filing wage statements and independent […]

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IRS Activities Following the Shutdown

January 29, 2019Business, General, Tax Tips

The IRS has reopened following the end of the government shutdown, and IRS employees are working hard to resume normal operations and help taxpayers as much as possible. As the […]

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Treasury, IRS issue final regulations, other guidance on new qualified business income deduction; Safe harbor enables many rental real estate owners to claim deduction

January 22, 2019Business, General, Tax Tips

IR-2019-04, January 18, 2019 WASHINGTON — Today the Treasury Department and the Internal Revenue Service issued final regulations and three related pieces of guidance, implementing the new qualified business income […]

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IRS Operations During the Appropriations Lapse

January 18, 2019Business, General, Tax Tips

Due to the lapse in appropriations, most IRS operations are closed during the shutdown. An IRS-wide furlough began on December 22, 2018, that affects many operations. During this period, the […]

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IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018

January 17, 2019Business, General, Tax Tips

WASHINGTON — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short […]

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IRS Confirms Tax Filing Season to Begin January 28

January 15, 2019Business, General, Tax Tips

WASHINGTON ― Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled. “We are […]

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IRS Free File opens today in advance of tax season

January 15, 2019Business, General, Tax Tips

Changes strengthen program; Free File can also help navigate new tax law provisions IR-2019-02, January 11, 2019 WASHINGTON — An improved version of IRS Free File begins its 17th filing […]

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BREAKING NEWS: IRS Confirms Tax Filing Season to Begin January 28

January 8, 2019Business, General, Tax Tips

IR-2019-01, January 7, 2019 WASHINGTON ― Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to […]

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IRS issues guidance on Section 179 expenses and Section 168(g) depreciation under Tax Cuts and Jobs Act

January 3, 2019Business, General, Tax Tips

IR-2018-257, December 21, 2018 WASHINGTON — The Internal Revenue Service issued Revenue Procedure 2019-08 today to provide guidance on deducting expenses under Section 179(a) and on deducting depreciation under Section […]

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