Draft 2021 Instructions for Forms 1099-MISC and 1099-NEC Released
The IRS has released draft 2021 instructions for Form 1099-MISC, Miscellaneous Information, and Form 1099-NEC, Nonemployee Compensation. Among the changes …
The IRS has released draft 2021 instructions for Form 1099-MISC, Miscellaneous Information, and Form 1099-NEC, Nonemployee Compensation. Among the changes …
In a redacted Program Manager Technical Advice (PMTA) memo, IRS Chief Counsel has addressed the fees for income verification required …
By Melissa A. Oaks, J.D., LL.M. …
The draft instructions for 2020 Form 8995, Qualified Business Income Deduction Simplified Computation, contain a change that indicates that IRS …
The IRS has released a statement acknowledging that it prematurely issued auto-revocation notices to some tax-exempt organizations. Background. Form 990, …
IRS has issued official inflation-adjusted tax rate schedules and other key tax figures for 2021. This is part II of …
The Financial Crimes Enforcement Network (FinCEN) has provided that victims of recent natural disasters have until December 31, 2020 to …
IRS has issued final regs that cover reductions of hybrid deduction accounts under Code Sec. 245A(e) and calculation of taxable income for …
Reminder: September 29, 2020 is the deadline for partnerships that are subject to the Bipartisan Budget Act of 2015 (BBA)’s …
In an Information Release, the IRS has said that it will be sending letters later this month to roughly 9 …