IRS Releases new Simplified Application for Central Withholding Agreements
The IRS has released a new simplified “central withholding agreement” application. The new form—Form 13930-A, Application for Central Withholding Agreement …
Homestead Exemption does not Allow Debtor to Avoid Tax Lien
The bankruptcy court has held that a debtor cannot avoid an IRS tax lien—even though the lien attaches to real …
Tax Court Holds Married Taxpayers’ Foreign Earned Income Exclusion Election Invalid
The Tax Court has held that married taxpayers did not make a valid election to exclude foreign earned income under …
Married Couple Denied Dependency Exemption and Tax Credits
The Tax Court, in a summary opinion, denied a married couple child tax credits and dependency deductions for three children. …
Treasury Department Publishes List of Boycott Countries
The U.S. Treasury Department has published a current list of countries that may require participation in, or cooperation with, an …
IRS Proposes Reliance Regs on Contribution Limits to ABLE Accounts
The IRS has proposed reliance regs under Code Sec. 529A that provide guidance on the amended contribution limits applicable to …
Federal Court Dismisses States’ Challenge to SALT Deduction Cap
A federal district court has dismissed four states’ constitutional challenge to the state and local tax (SALT) deduction cap enacted …
Appeals Court: Refund Claim Untimely, No Tolling for Financial Disability
The First Circuit Court of Appeals has affirmed a district court’s dismissal of an estate’s untimely refund claim (Stauffer, (CA …
Final Regs Modify, Clarify 401(k) Hardship Distribution Rules
The IRS has issued final regulations that amend the rules for hardship distributions from a Code Sec. 401(k) plan. The …
IRS Discontinues Schedule C-EZ and Other Forms for 2019
IRS has announced that, for 2019, it will not be issuing certain forms that it issued in 2018. The obsolete …