AB 5, Gonzalez. Worker status: employees and independent contractors. Existing law, as established in the case of Dynamex Operations West, Inc. v. Superior Court of Los Angeles (2018) 4 Cal.5th […]
IRS, Treasury issue final regulations on new reporting requirements for life insurance contract transactions
IR-2019-177, October 25, 2019 WASHINGTON –The Internal Revenue Service today issued final regulations on the new information reporting requirements for certain life insurance contract transactions. The requirement was authorized under […]
IRS urges tax professionals to renew PTINs now for 2020
IR-2019-176, October 23, 2019 WASHINGTON — The Internal Revenue Service today urged tax return preparers to start the upcoming 2020 filing season smoothly by renewing their Preparer Tax Identification Numbers […]
IRS launches International Charity Fraud Awareness Week
IR-2019-172 , October 21, 2019 WASHINGTON — The IRS is joining an international coalition in launching the second annual International Charity Fraud Awareness Week (ICFAW). Today through Oct. 25, the […]
IRS selects nine new members for the Electronic Tax Administration Advisory Committee
IR-2019-170, October 15, 2019 WASHINGTON — The Internal Revenue Service has selected nine new members for the Electronic Tax Administration Advisory Committee (ETAAC). Established in 1998, the ETAAC is […]
2 million ITINs set to expire in 2019; to avoid refund delays apply soon
IR-2019-168, October 10, 2019 IRS YouTube Videos: Individual Taxpayer Identification Number (ITIN) – English | Spanish WASHINGTON —Taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) can get their ITINs renewed […]
Virtual currency: IRS issues additional guidance on tax treatment and reminds taxpayers of reporting obligations
IR-2019-167, October 9, 2019 WASHINGTON — As part of a wider effort to assist taxpayers and to enforce the tax laws in a rapidly changing area, the Internal Revenue Service […]
Reminder: Oct. 15 deadline approaching for taxpayers who requested extensions
IRS YouTube Videos: Reminders for Extension Filers-Oct. 15 – English | Spanish | ASL IR-2019-163, October 7, 2019 WASHINGTON — Taxpayers who requested the six-month filing extension should complete their […]
IRS grants relief for U.S. persons who own stock in certain foreign corporations
IR-2019-162, October 1, 2019 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2019-40 and proposed regulations that provides relief to certain U.S. […]