The IRS issued Notice 2018-14 to provide more guidance on the withholding rules that were changed by P.L. 115-97,…
Practitioners need immediate guidance on tax reform act, AICPA says
Thirty-nine areas in the recent tax overhaul act require immediate guidance, the AICPA told the IRS and Treasury. Source:…
Government funding bill postpones some health care taxes
The continuing resolution to fund the government through Feb. 8 also delays the so-called Cadillac tax on high-cost health…
What to expect from the IRS during the government shutdown
The shutdown of the federal government comes just nine days before the scheduled start of tax season. Here’s a…
FASB proposes corporate reporting change related to new tax law
FASB proposed a new standard that is intended to help organizations reclassify certain income effects in accumulated other comprehensive…
New tax withholding tables are issued
The IRS issued new tax withholding tables for 2018 to be used to implement the changes to the tax…
FASB addresses financial reporting impacts of new tax law
FASB addressed numerous financial reporting implications of P.L. 115-97, known as the Tax Cuts and Jobs Act. Source: The…
IRS asking for taxpayer representatives’ personal information
The IRS is now asking taxpayer representatives who call the agency to provide their Social Security number and date…
IRS announces when filing season will start
The IRS announced that this year’s filing season will begin about a week later than last year’s filing season. …
Form 1023-EZ will ask applicants for mission and activities
The streamlined application for tax-exempt status will ask organizations to describe their mission and activities for the first time. …