Final regs set out rules for truncated taxpayer identification numbers
T.D. 9861; Reg. § 1.6052-2, Reg. § 31.6051-1, Reg. § 31.6051-2, Reg. § 31.6051-3, Reg. § 301.6109-4 IRS has issued final regs that amend existing …
President signs IRS reform bill, the Taxpayer First Act
On July 1, President Trump signed the IRS reform bill, the Taxpayer First Act. The Act changes the management and oversight …
Supreme Court limits rule that requires judges to defer to agencies
Kisor V. Wilkie, (S Ct 6/26/2019) The Supreme Court, via what in effect was a 5 to 4 vote, has …
CA 11: Payment to ex-husband under divorce agreement was deductible loss
Mihelick, (CA 11 6/18/2019) 123 AFTR 2d ¶2019-791 The Court of Appeals for the Eleventh Circuit has reversed a district court …
How tax professionals should report data breaches to the IRS
IRS Return Preparer Office email dated 6/24/2019 In an email from the Return Preparer Office, the IRS has provided tax …
Taxpayer Advocate’s mid-year report identifies priority challenges facing IRS and TAS
IR 2019-119 Taxpayer Advocate Service: FY 2020 objectives report to Congress National Taxpayer Advocate (NTA) Nina E. Olson released her …
IRS is accepting renewal applications for ITINs expiring by the end of 2019
IR 2019-118 In a News Release, IRS announced that it is now accepting renewal applications for the Individual Taxpayer Identification …
Special study on Taxpayer First Act of 2019
H.R. 3151, the Taxpayer First Act of 2019 Joint Committee on Taxation; Description of H. R. 1957, the “Taxpayer First …
Senate passes IRS reform bill
The Senate passed the Taxpayer First Act (H.R. 3151) on Thursday, June 13 by a voice vote. The bill includes …
IRS issues final regs & safe harbor on charitable contributions and SALT credits
Treasury Decision 9864 IRS News Release; Final Regulations on Charitable Contributions and State and Local Tax Credits Notice; Guidance Providing …