IRS Issues Final Regulations on Meals and Entertainment Deduction
The IRS recently issued final regulations on the business expense deduction for meals and entertainment following changes made by the Tax Cuts and Jobs Act.
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All Featured (33) For the Public (149) Tax News (541) Accounting & Auditing (251) Business & Industry News (142) Regulatory News (120) Legislative News (62) Chapter News (49) Young CPAs (91) Students (108) TSCPA Press Releases (104)Showing : 461–470 of 541
IRS Issues Final Regulations on Income Tax Withholding on Certain Periodic Retirement and Annuity Payments
The U.S. Department of the Treasury and IRS recently issued final regulations updating the federal income tax withholding rules for certain periodic retirement and annuity payments made after Dec. 31, 2020.
View MoreIRS Announces Nationwide Expansion of IP PIN Program
The IRS Wage & Investment Division recently announced that starting in January 2021, the IRS will expand its IP PIN voluntary opt-in program nationwide.
View MoreIRS Expands Scope of Forms Temporarily Accepted Using E-Signatures
On Aug. 28, the IRS announced it would temporarily allow the use of digital signatures on certain forms that cannot be filed electronically to help reduce in-person contact during the COVID-19 pandemic, and the agency has recently updated the list of forms accepted digitally.
View MoreTSCPA Joins AICPA, COST in Letter Urging Congressional Support for State Tax Filing Relief for Remote Workers
TSCPA has joined more than 120 employers and organizations across the nation in signing a letter to Congressional leaders urging them to support state tax filing and withholding relief for remote workers during the pandemic.
View MoreIRS Issues Statement on Failure to Deposit Penalties on Some Employers Claiming New Tax Credits
The IRS has issued a statement that it is aware that a small population of employers that reduced their tax deposits in anticipation of claiming the sick and family leave credits or employee retention credit may have received a notice stating there was a failure to deposit penalty applicable to the Form 941 on which the credits were claimed.
View MoreIRS Issues Update Regarding Pending Check Payments and Notices
The IRS has issued an update regarding its backlog in processing mail and payments due to COVID-19.
View MoreMore Credits and Incentives Could Be Included in the Next COVID Relief Bill
Congress will soon be returning from their July recess and then they’ll have a short period before their August recess. They will be taking a hard look at the next round of legislation to help with the impact of COVID-19.
View MoreTreasury, IRS Issue Final and Proposed Regulations on Income Subject to a High Rate of Foreign Tax
The Department of the Treasury and IRS recently issued a final regulation addressing the treatment of income earned by certain foreign corporations that is subject to a high rate of foreign tax.
View MoreIRS Provides Additional COVID-19 Relief for Tax-Exempt Hospitals
The IRS has recently announced that due to the COVID-19 pandemic it will provide additional relief to hospital organizations that must meet the Community Health Needs Assessments requirements.
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