Tax Advocate addresses shutdown’s impact and need for IRS IT modernization
IR 2019-11, 2/12/2019 National Taxpayer Advocate Annual Report to Congress 2018 In her 2018 Annual Report to Congress, National Taxpayer …
IRS finalizes forms and instructions for base erosion tax
Form 8991, Tax on Base Erosion Payments of Taxpayers With Substantial Gross Receipts Instructions for Form 8991 IRS has issued …
IRS issues forms to make, and to revoke, partnership audit “push out” election
Form 8988, Election for Alternative to Payment of the Imputed Underpayment – IRC Section 6226 Form 8989, Request to Revoke …
Taxpayer with impermissible accounting method could use automatic consent procedure
CCA 201852019 201852019 In Chief Counsel Advice (CCA), IRS has concluded that an accrual method taxpayer, whose present method of …
Taxpayer failed “designer” test under energy efficient building allocation rule
Quebe (DC OH 1/25/2019) 123 AFTR 2d ¶ 2019-375 A district court has held that an electrical contractor did not qualify for …
Taxpayer didn’t show that it qualified as start-up company for research credit purposes
Quebe, (DC OH 1/17/2019) 123 AFTR 2d ¶2019-352 A district court has held that: a) a taxpayer mischaracterized the burden of …
Post-tax-year 2017 corporate AMT credit refunds won’t be sequestered
IRS Website: Effect of Sequestration on the Alternative Minimum Tax Credit for Corporations On its website, IRS has set out …
Final Sec. 199A qualified business income deduction regs: Qualified business income
Final Sec. 199A regs IRS has issued final Code Sec. 199A regs for determining the amount of the deduction of up to …
IRS issues form for new credit for paid family/medical leave
Form 8994, Employer Credit for Paid Family and Medical Leave Instructions for Form 8994 IRS has released 2018 Form 8994 …
IRS releases Form 8990 for reporting business interest subject to new Sec. 163(j) limit
Form 8990, Limitation on Business Interest Expense Under Section 163(j) Draft Instructions for Form 8990 (December 2018) IRS has released …