IR-2018- 209, Oct. 30, 2018 WASHINGTON — The Internal Revenue Service today advised taxpayers about steps they can take now to ensure smooth processing of their 2018 tax return and avoid surprises when they file next year. This is the first in a series of reminders to help taxpayers get ready for the upcoming tax…

IR-2018-208, Oct. 24, 2018 WASHINGTON — The Information Reporting Program Advisory Committee (IRPAC) today issued its annual report for 2018 including numerous recommendations to the Internal Revenue Service on new and continuing issues in tax administration. The report includes a discussion on how to implement and/or improve processes such as those for the Change of…

IR-2018-207, Oct. 23, 2018 WASHINGTON — The Internal Revenue Service today reminded the nation’s more than 768,000 federal tax return preparers that they must renew their Preparer Tax Identification Numbers (PTINs) for 2019. All current PTINs will expire Dec. 31, 2018. Anyone who prepares or helps prepare any federal tax return, or claim for refund,…

IR-2018-205, October 18, 2018 Washington — The Internal Revenue Service today urged small businesses and other payers to check out the agency’s newly-revised backup withholding publication, now available on IRS.gov. Publication 1281, Backup Withholding for Missing and Incorrect Name/TIN(s), posted last month on IRS.gov, has been updated to reflect a key change made by the…

IR-2018-206, October 19, 2018 WASHINGTON —The Treasury Department and the Internal Revenue Service today issued proposed regulations and other published guidance for the new Opportunity Zone tax incentive. Opportunity Zones, created by the 2017 Tax Cuts and Jobs Act, were designed to spur investment in distressed communities throughout the country through tax benefits. Under a…

IR-2018-203, October 16, 2018 WASHINGTON — The Internal Revenue Service today reminded business owners that tax reform legislation passed last December affects nearly every business. With just a few months left in the year, the IRS is highlighting important information for small businesses and self-employed individuals to help them understand and meet their tax obligations….

IR-2018-202, October 15, 2018 Washington — After additional disaster declarations by FEMA, the IRS has added more counties that are eligible for individual and public assistance in areas of Florida and Georgia affected by Hurricane Michael. As the agency did throughout the weekend in advance of the Oct. 15 extension deadline, the IRS will be…

IR-2018-198, October 10, 2018 WASHINGTON — The Internal Revenue Service reminds taxpayers who filed extensions that electronic filing and other options for help with taxes are still available before the Oct. 15 deadline. Taxpayers who did not request an extension and have yet to file a 2017 tax return can generally avoid additional penalties and…

IR-2018-197, Oct. 9, 2018 WASHINGTON — With just a few months left in tax year 2018, the Internal Revenue Service today urges small business owners to learn about how the new tax law changes may affect them. The Tax Cuts and Jobs Act, passed in December 2017, made tax law changes that will affect virtually…

https://www.ftb.ca.gov/professionals/taxnews/Editions/2018/October.shtml#FTB3840 With October 15 right around the corner, this is a reminder that California requires taxpayers to file form FTB 3840 California Like-Kind Exchanges when they exchange real property located in California for like-kind property located outside of California. This requirement began with tax years beginning on or after January 1, 2014. FTB 3840 must…

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