IRS Updates Enrolled Agent Rules and Procedures
The IRS has updated its enrolled agent (EA) news webpage with information about the new EA logo, enrollment renewal, and …
IRS Finalizes 199A Rental Real Estate Safe Harbor
In a Revenue Procedure and accompanying News Release (Rev Proc 2019-38, 2019-42 IRB; IR 2019-158, 9/24/2019), IRS has finalized a …
IRS Finalizes Bonus Depreciation Regs
IRC §168(k) allows an additional first-year (“bonus”) depreciation deduction in the placed-in-service year of qualified property. In August 2019, IRS …
IRS Releases New FAQs on Qualified Opportunity Funds
The IRS has released more frequently asked questions (FAQs) regarding the tax deferral and capital gain exclusion possibilities of investing …
Proposed QBI deduction regs for cooperatives and their patrons – Part 2
IRS has issued proposed reliance regs providing, among other things, guidance to cooperatives and their patrons regarding the Code Sec. 199A qualified …
Proposed QBI deduction regs for cooperatives and their patrons – Part 1
Preamble to Prop Reg REG-118425-18, Prop Reg §1.199A-7, Prop Reg §1.199A-8, Prop Reg §1.199A-9, Prop Reg §1.199A-10, Prop Reg §1.199A-11, Prop Reg §1.199A-12, Prop Reg §1.1388-1; IR 2019-115 …
Final regs on global intangible low-taxed income, subpart F income
T.D. 9866; Reg § 1.951-1, Reg § 1.951A-1, Reg § 1.951A-2, Reg § 1.951A-3, Reg § 1.951A-4, Reg § 1.951A-5, Reg § 1.951A-6, Reg § 1.1502-12, Reg § 1.1502-32, Reg …
IRS issues TCJA-required form for governments, etc. to report fines, etc. they received
2019 Form 1098-F, Fines, Penalties, and Other Amounts 2019 Instructions for Form 1098-F IRS has issued new form, 2019 Form …
Final regs on Sec. 199A qualified business income deduction released with corrections
Corrected Sec. 199A Final Regs Redlined Corrected Sec. 199A Final Regs IRS has released the corrected draft of final regs …
2018 Form 2210 provides procedures for recently-announced TCJA-related estimated tax relief
2018 Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2018 Instructions for Form 2210 IRS has issued …