The IRS had planned to launch by the end of the month its updated Secure Access site, which will…
David Kautter to be named acting IRS commissioner
President Donald Trump plans to name David Kautter as acting IRS commissioner when John Koskinen’s term expires in November. …
IRS issues 2018 inflation-adjusted tax tables and many other tax provisions
The IRS issued the annual revenue procedure that updates the almost 60 tax provisions that must be adjusted for…
2018 pension plan contribution limits are announced
The IRS released the inflation-adjusted amounts that apply to pension and 401(k) plans for 2018. Source: The Tax Adviser
IRS will enforce health coverage reporting on 2017 returns
This filing season will be the first time the IRS has enforced this requirement and will not accept tax…
Social Security Administration announces small increase in 2018 wage base
The SSA said that the maximum amount of wages subject to the 6.2% Social Security tax in 2018 will…
IRS permits partnership basis election without partner’s signature
To ease the regulatory burden on partnerships, the IRS announced that it is eliminating the requirement that partnership elections…
Treasury to pull regulations after review of burdensome tax rules
Treasury said it intended to withdraw the Sec. 2704 valuation discount regulations and portions of the Sec. 385 corporate…