IR-2020-128, June 24, 2020 WASHINGTON — The Internal Revenue Service today issued final regulations permitting a regulated investment company (RIC) that receives qualified real estate investment trust (REIT) dividends to report dividends […]
IRS issues guidance on the elimination of the deduction of qualified transportation fringe benefit expenses
IR-2020-125, June 19, 2020 WASHINGTON — The Internal Revenue Service today issued proposed regulations that provide guidance for the deduction of qualified transportation fringe and commuting expenses. The Tax Cuts and Jobs […]
IRS alert: Economic Impact Payments belong to recipient, not nursing homes or care facilities
IR-2020-121, June 16, 2020 WASHINGTON — The Internal Revenue Service today alerted nursing home and other care facilities that Economic Impact Payments (EIPs) generally belong to the recipients, not the […]
Treasury, IRS provide tax relief to investors and businesses affected by COVID-19 in new markets tax credit transactions
IR-2020-120, June 12, 2020 WASHINGTON — The Treasury Department and the Internal Revenue Service today provided tax relief for certain taxpayers affected by the COVID-19 pandemic involved in new markets […]
IRS provides answers about Coronavirus related tax relief for Qualified Opportunity Funds and investors
IR-2020-114, June 4, 2020 WASHINGTON — The Internal Revenue Service today provided guidance for Qualified Opportunity Funds (QOFs) and their investors in response to the ongoing Coronavirus Disease 2019 (COVID-19) […]
IRS announces Form 1040-X electronic filing options coming this summer; major milestone reached for electronic returns
IR-2020-107, May 28, 2020 WASHINGTON — The Internal Revenue Service announced today that later this summer taxpayers will for the first time be able to file their Form 1040-X, Amended U.S […]
IRS Nationwide Tax Forums go virtual in 2020
Tax pros can choose from up to 30 webinars beginning in July IR-2020-100, May 21, 2020 WASHINGTON — The Internal Revenue Service today announced the 2020 IRS Nationwide Tax Forums […]
IRS.gov helps taxpayers get tax information they need; find tools for filing, paying, checking accounts and answering questions
IR-2020-99, May 21, 2020 WASHINGTON — The Internal Revenue Service reminds taxpayers today about several online tools available to help them get the tax information they need as the IRS has limited […]
IRS expands partner materials for Economic Impact Payments; continues sweeping effort to share details in multiple languages
IR-2020-96, May 15, 2020 WASHINGTON — The Internal Revenue Service announced today the availability of additional material for partner groups sharing information related to Economic Impact Payments, including a new […]
Act by Wednesday for chance to get quicker Economic Impact Payment; timeline for payments continues to accelerate
IR-2020-92, May 8, 2020 WASHINGTON – With a variety of steps underway to speed Economic Impact Payments, the Treasury Department and the Internal Revenue Service urged people to use Get My […]