IR-2019-183, November 14, 2019 WASHINGTON — The Internal Revenue Service today issued guidance for taxpayers with certain deductible expenses to reflect changes resulting from the Tax Cuts and Jobs Act […]
401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500
IR-2019-179, November 6, 2019 WASHINGTON — The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced […]
Get Ready for Taxes: Important things to know about tax credits
Here you’ll find items of current interest — new programs, recent guidance or timely reminders. October 15 filing extension deadline Taxpayers who requested an extension to file their 2018 tax […]
Get Ready for Taxes: Get ready today to file 2019 federal income tax returns
IR-2019-178, October 31, 2019 WASHINGTON – The Internal Revenue Service today urged taxpayers to act now to avoid a tax-time surprise and ensure smooth processing of their 2019 federal tax […]
California AB 5 Codifies “Dynamex” Worker Classification Restrictions
AB 5, Gonzalez. Worker status: employees and independent contractors. Existing law, as established in the case of Dynamex Operations West, Inc. v. Superior Court of Los Angeles (2018) 4 Cal.5th […]
IRS, Treasury issue final regulations on new reporting requirements for life insurance contract transactions
IR-2019-177, October 25, 2019 WASHINGTON –The Internal Revenue Service today issued final regulations on the new information reporting requirements for certain life insurance contract transactions. The requirement was authorized under […]
IRS urges tax professionals to renew PTINs now for 2020
IR-2019-176, October 23, 2019 WASHINGTON — The Internal Revenue Service today urged tax return preparers to start the upcoming 2020 filing season smoothly by renewing their Preparer Tax Identification Numbers […]
IRS launches International Charity Fraud Awareness Week
IR-2019-172 , October 21, 2019 WASHINGTON — The IRS is joining an international coalition in launching the second annual International Charity Fraud Awareness Week (ICFAW). Today through Oct. 25, the […]
IRS selects nine new members for the Electronic Tax Administration Advisory Committee
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 […]