PMTA discusses effective date and scope of new personal casualty loss limitation
Program Manager Technical Advice 2019-008 A Program Manager Technical Advice (PMTA) has discussed the effective date and scope of the …
IRS issues draft 2019 Form 1040 and schedules
Here are some of the notable changes from 2018 that are reflected on the 2019 drafts: The filing status line …
IRS releases draft of new simplified tax return for seniors: Form 1040-SR
Congress directed the IRS to create a new form, designated Form 1040-SR, for use by individuals age 65 and older …
Deadline to claim refund for veteran disability severance payments approaching
Code Sec. 104(a)(4) generally provides that gross income does not include amounts received as a pension, annuity, or similar allowance for personal …
Filing period for whistleblower award appeal to Tax Court not jurisdictional
Although the Tax Court properly determined that the individual’s petition was untimely, the filing period is not jurisdictional and is …
Tax Advocate issues report on earned income tax credit and “map” of tax system
Background. TAS is an independent organization within IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help …
IRS and Security Summit partners issue identity theft and tax security checklist
In 2015, IRS convened a Security Summit with chief executive officers and leaders of private sector firms and federal and …
Chief Counsel updates guidance on assessing interest and penalties on criminal restitution
Background. Under Code Sec. 6201(a)(4)(a), the IRS may assess and collect criminal restitution ordered pursuant to 18 USC 3556 for failure to pay any …
More disaster victims in Ohio qualify for tax relief
Certain other time-sensitive acts also are postponed. IRS has recently announced on its website that an additional county in Ohio …
President signs Taxpayer First Act, fixing effective date of various provisions
Taxpayer First Act On July 1, the President signed into law the Taxpayer First Act of 2019 (the Act) (P.L. …