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 […]
For many business taxpayers, time is running out to elect out of new 100-percent depreciation deduction for 2017
IR-2018-196, Oct. 4, 2018 WASHINGTON — The Internal Revenue Service today reminds business taxpayers who placed qualifying property in service during 2017 but choose not to claim the new 100-percent […]
Oct. 15 tax-filing extension deadline approaches for millions of taxpayers
IR-2018-194, Oct. 2, 2018 WASHINGTON — The Internal Revenue Service today urged taxpayers who requested the six-month filing extension to double check their tax returns and file on or before […]
IRS selects two new members for the Electronic Tax Administration Advisory Committee
IR-2018-192, September 25, 2018 WASHINGTON — The Internal Revenue Service has selected two new members for the Electronic Tax Administration Advisory Committee (ETAAC). Established in 1998, the ETAAC is a […]
IRS: 2018 employer reimbursements for employees’ 2017 moves are generally tax-free
IR-2018-190, Sept. 21, 2018 WASHINGTON — Employer payments or reimbursements in 2018 for employees’ moving expenses incurred prior to 2018 are excluded from the employee’s wages for income and employment tax […]