Monthly Archives: January 2019

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Qualified business income deduction regs. and other guidance issued

The package includes final regulations, guidance on how to calculate W-2 wages, a safe-harbor rule for rental real estate businesses, and new proposed rules on the treatment of previously suspended losses.
Source: JOA News
Read More here – Qualified business income deduction regs. and other guidance issued


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Some individual taxpayers get relief from underpayment penalty

The relief applies to individuals whose tax withheld and estimated tax payments equal at least 85% of the tax shown on their 2018 tax return.
Source: Tax News
Read More here – Some individual taxpayers get relief from underpayment penalty


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Some individual taxpayers get relief from underpayment penalty

The relief applies to individuals whose tax withheld and estimated tax payments equal at least 85% of the tax shown on their 2018 tax return.
Source: JOA News
Read More here – Some individual taxpayers get relief from underpayment penalty


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Final regulations govern Sec. 965 transition tax

The IRS finalized proposed regulations issued last August on the new transition tax, which generally taxes the accumulated post-1986 deferred foreign income of a corporation.
Source: Tax News
Read More here – Final regulations govern Sec. 965 transition tax


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Final regulations govern Sec. 965 transition tax

The IRS finalized proposed regulations issued last August on the new transition tax, which generally taxes the accumulated post-1986 deferred foreign income of a corporation.
Source: JOA News
Read More here – Final regulations govern Sec. 965 transition tax


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Half of IRS employees to be recalled during tax season

The IRS issued an updated contingency plan outlining how it will function during tax season.
Source: Tax News
Read More here – Half of IRS employees to be recalled during tax season


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Half of IRS employees to be recalled during tax season

The IRS issued an updated contingency plan outlining how it will function during tax season.
Source: JOA News
Read More here – Half of IRS employees to be recalled during tax season


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North American CFOs’ optimism falls sharply

Deloitte survey indicates the euphoria of the first quarter of 2018 has diminished, mainly because of concern about a lack of trade clarity.
Source: JOA News
Read More here – North American CFOs’ optimism falls sharply


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IRS announces Free File launch

The IRS announced that its Free File program, which provides free electronic filing options to moderate-income taxpayers, opened Jan. 11 and will operate through Oct. 15.
Source: Tax News
Read More here – IRS announces Free File launch


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IRS announces Free File launch

The IRS announced that its Free File program, which provides free electronic filing options to moderate-income taxpayers, opened Jan. 11 and will operate through Oct. 15.
Source: JOA News
Read More here – IRS announces Free File launch