July 9, 2019
TSCPA members recently met with members of Congress to ask them to support consolidating existing IRS units into a Practitioner Services Division so that taxpayer issues are resolved more efficiently.
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June 18, 2019
Congress recently voted to approve an IRS reform bill, the Taxpayer First Act.
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June 14, 2019
The Treasury Department and IRS recently issued final and proposed regulations concerning global intangible low-taxed income.
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April 19, 2019
The IRS recently announced Revenue Procedure 2019-19 will modify and supersede Rev. Proc. 2018-52, 2018-42 I.R.B. 611, which sets forth the Employee Plans Compliance Resolution System (EPCRS).
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April 11, 2019
The IRS recently issued guidance that provides a safe harbor allowing professional sports teams to treat certain player and staff member contracts and draft picks as having a zero value for determining gain or loss to be recognized on the trade of a player or staff member contract or draft pick.
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March 26, 2019
General Motors has sold more than 200,000 vehicles eligible for the plug-in electric drive motor vehicle credit during the fourth quarter of 2018, triggering a phaseout of the tax credit available for purchasers of the vehicles.
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March 22, 2019
The IRS recently provided additional expanded penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.
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March 22, 2019
Certain life insurance contracts may have reporting requirement changes under the Tax Cuts and Jobs Act.
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March 15, 2019
The IRS recently issued Revenue Ruling 2019-08 that provides various prescribed rates for federal income tax purposes.
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March 5, 2019
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.
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