IRS Revenue Ruling Provides Prescribed Rates for Federal Income Tax Purposes
The IRS recently issued Revenue Ruling 2019-08 that provides various prescribed rates for federal income tax purposes.
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All Featured (46) For the Public (148) Tax News (439) Accounting & Auditing (212) Business & Industry News (125) Regulatory News (112) Legislative News (48) Chapter News (18) Young CPAs (62) Students (91) TSCPA Press Releases (68)Showing : 411–420 of 439
IRS Issues Proposed Regulations on Deduction for Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income
The IRS recently issued proposed regulations under section 250 of the Internal Revenue Code, which offers domestic corporations deductions for foreign-derived intangible income and global intangible low-taxed income.
View MoreBeware of “Ghost” Tax Return Preparers
The IRS warns taxpayers to avoid unethical tax return preparers, known as “ghost” preparers.
View MoreIRS Waives Estimated Tax Penalty for Farmers, Fishermen Who File Returns and Pay Tax by April 15
The IRS will waive the estimated tax penalty for any qualifying farmer or fisherman who files his or her 2018 federal income tax return and pays any tax due by Monday, April 15, 2019.
View MoreIndividuals Who Need Passports for Imminent Travel Should Contact IRS to Resolve Tax Debt
The IRS recently reiterated its warning that taxpayers may not be able to renew a current passport or obtain a new passport if they owe federal taxes.
View MoreTax Prep Using Content Services Solutions
Most taxpayers born in the last 60 years have the expectation that their preparer is harnessing electronic tools to help eliminate errors, speed up processes and make their overall client experience a positive one.
View MoreInterest Rates Remain the Same for the Second Quarter of 2019
The IRS recently announced that interest rates will remain the same for the calendar quarter beginning April 1, 2019 as they were in the first quarter of 2019.
View MoreIRS Revenue Ruling Provides Prescribed Rates for Federal Income Tax Purposes
The IRS recently issued Revenue Ruling 2019-07 that provides various prescribed rates for federal income tax purposes.
View MoreBonus Depreciation Safe Harbor Rules for Vehicles Issued by IRS
The IRS recently provided a safe harbor method to determine depreciation deductions for passenger automobiles that qualify for the 100 percent additional first-year depreciation deduction and that are subject to the depreciation limitations for passenger automobiles under Sec. 280F (Rev. Proc. 2019-13).
View MoreIRS Provides Advice for Taxpayers and Tax Professionals as Operations Resume
IRS employees returned to work Jan. 28 following the government shutdown and are working hard to resume normal operations to help taxpayers as much as possible.
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