Tax & Accounting Blog
Tax & Accounting Blog
1975
A trade organization for auto dealerships has asked the IRS to allow certain franchises to receive the benefit of tax reform’s expanded bonus depreciation deduction.…
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The IRS has provided guidance and examples for calculating the nondeductible portion of parking expenses. In addition, the IRS has provided guidance to tax-exempt organizations…
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The House’s top Republican tax writer has introduced a revised tax and IRS oversight package. The “tweaked” 253-page package addresses retirement savings, disaster relief, IRS…
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During the week of December 3, the Treasury Inspector General for Tax Administration (TIGTA) released its semiannual report to Congress, highlighting its audits, investigations, inspections…
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The IRS has released initial guidance on the relatively new Code Sec. 83(i), added by the 2017 Tax Cuts and Jobs Act (P.L. 115-97). Code…
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The over and underpayment interest rates for the first quarter 2019. The fourth quarter begins on January 1, 2019. The rates will be: – 6…
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The IRS has issued its fourth reminder as part of “National Tax Security Awareness Week”, urging small businesses and employers to avoid identity theft by…
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A lawyer and his wife’s quiet title action against the IRS was dismissed. The taxpayers filed the suit to determine the validity of a federal…
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The Tax Court adopted amendments to its electronic filing and paying rules and new rules for passport certification cases. The adopted rules cover petitions and…
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The IRS issued transition relief from the “once-in-always-in” condition for excluding part-time employees under Reg. §1.403(b)-5(b)(4)(iii)(B). Under the “once-in-always-in” exclusion condition, once an employee is…
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