IRS gives taxpayers extra day to file returns and make payments originally due December 5
IR 2018-242 In a news release, IRS granted taxpayers an extra day—until Thursday, Dec. 6, 2018—to file any return or …
Supreme Court won’t review start date of 30-day levy notice period
Weiss v. Comm., (CA Dist Col 5/22/2018) 121 AFTR 2d 2018-1853, cert denied 12/03/2018 The Supreme Court has declined to review the …
IRS sheds light on exclusion for meals provided for the convenience of employer
Legal Advice Issued by Associate Chief Counsel 2018-004 AM 2018-004 In Legal Advice Issued by Associate Chief Counsel (Legal Advice), …
Interim guidance on 2019 withholding from wages and from retirement, etc. distributions
Notice 2018-92, 2018-50 IRB In a Notice, IRS has provided interim guidance for the 2019 calendar year on income tax …
IRS extends relief period for IRA payments to State unclaimed property funds
Notice 2018-90, 2018-49 IRB In a Notice, IRS has extended the period with respect to which a party that makes …
Applying Federal Circuit’s reg interpretation, Claims Court again denies theft loss claim
Adkins v. U.S., (Ct Fed Cl 10/26/2018) 122 AFTR 2d ¶2018-5372 The Court of Federal Claims, on remand from the Court …
IRS clarifies effect of suspending personal exemption deductions on certain healthcare provisions
Notice 2018-84, 2018-45 IRB In a Notice, IRS has provided interim guidance clarifying how the suspension of the personal exemption …
IRS reminds certain entities seeking 2018 QI/WP/WT agreements to apply by Nov. 16
Qualified Intermediaries News, Issue Number: 2018-13 (Oct. 17, 2018) In a recent edition of “Qualified Intermediaries News,” IRS issued a …
IRS provides election to allow certain investors to meet diversification requirement
Rev Proc 2018-54, 2018-45 IRB In a Revenue Procedure, IRS has provided guidance and procedural rules for taxpayers that hold …
Key 2019 individual tax items as calculated by Thomson Reuters Checkpoint based on inflation data
The income tax brackets, standard deduction amounts, and many other tax items are adjusted annually for cost-of-living increases. These adjustments …