IR-2019-170, October 15, 2019 WASHINGTON — The Internal Revenue Service has selected nine new members for the Electronic Tax Administration Advisory Committee (ETAAC). Established in 1998, the ETAAC is […]
2 million ITINs set to expire in 2019; to avoid refund delays apply soon
IR-2019-168, October 10, 2019 IRS YouTube Videos: Individual Taxpayer Identification Number (ITIN) – English | Spanish WASHINGTON —Taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) can get their ITINs renewed […]
Virtual currency: IRS issues additional guidance on tax treatment and reminds taxpayers of reporting obligations
IR-2019-167, October 9, 2019 WASHINGTON — As part of a wider effort to assist taxpayers and to enforce the tax laws in a rapidly changing area, the Internal Revenue Service […]
Reminder: Oct. 15 deadline approaching for taxpayers who requested extensions
IRS YouTube Videos: Reminders for Extension Filers-Oct. 15 – English | Spanish | ASL IR-2019-163, October 7, 2019 WASHINGTON — Taxpayers who requested the six-month filing extension should complete their […]
IRS grants relief for U.S. persons who own stock in certain foreign corporations
IR-2019-162, October 1, 2019 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2019-40 and proposed regulations that provides relief to certain U.S. […]
IRS releases draft 2019 Forms 1065, 1120-S, and Schedules K-1
IR-2019-160, September 30, 2019 WASHINGTON – Today the IRS issued a draft of the tax year 2019 Form 1065, U.S. Return of Partnership Income (PDF), and its Schedule K-1, Partner’s Share […]
IRS releases new Tax Gap estimates; compliance rates remain substantially unchanged from prior study
IR-2019-159, September 26, 2019 WASHINGTON — The Internal Revenue Service today released a new set of tax gap estimates on tax years 2011, 2012 and 2013. The results show the […]
IRS finalizes safe harbor to allow rental real estate to qualify as a business for qualified business income deduction
IR-2019-158, September 24, 2019 WASHINGTON — The Internal Revenue Service today issued Revenue Procedure 2019-38 that has a safe harbor allowing certain interests in rental real estate, including interests in […]
Tax Withholding Estimator helps retirees; figures tax on Social Security benefits
Free step-by-step webinar September 19 IR-2019-155, September 13, 2019 WASHINGTON — The new Tax Withholding Estimator, launched last month on IRS.gov, includes user-friendly features designed to help retirees quickly and […]
IRS offers settlement for micro-captive insurance schemes; letters being mailed to groups under audit
IR-2019-157, September 16, 2019 WASHINGTON — The Internal Revenue Service announced today the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance […]