Treasury, IRS release final and proposed regulations on new 100% depreciation | Internal Revenue Service IR-2019-156, September 13, 2019 WASHINGTON — The Treasury Department and the Internal Revenue Service today released final regulations (PDF) and additional proposed regulations (PDF) under section 168(k) of the Internal Revenue Code on the new 100% additional first year depreciation deduction that…
IRS announces leadership appointments in the Small Business/Self-Employed Division; Harris, Guillot join Hylton in key enforcement positions | Internal Revenue Service IR-2019-153, September 11, 2019 WASHINGTON — The Internal Revenue Service today announced that Darren Guillot has been selected as the Deputy Commissioner for Collection and Operations Support in the Small Business/Self-Employed Division (SB/SE) and…
Third quarter estimated tax payment due Sept. 16 | Internal Revenue Service Online tools at IRS.gov help people stay current IR-2019-152, September 9, 2019 WASHINGTON – With major tax reform now in its second year and taxpayers seeing its full effect on 2018 returns, the Internal Revenue Service today reminded people who pay estimated tax…
IRS announces new procedures to enable certain expatriated individuals a way to come into compliance with their U.S. tax and filing obligations | Internal Revenue Service IR-2019-151, September 6, 2019 WASHINGTON — The Internal Revenue Service today announced new procedures that will enable certain individuals who relinquished their U.S. citizenship to come into compliance with…
As Hurricane Dorian gains strength, IRS encourages preparation for natural disaster | Internal Revenue Service IR-2019-147, August 29, 2019 WASHINGTON — As Dorian threatens and with the peak of hurricane season just ahead, the Internal Revenue Service reminds everyone to develop an emergency preparedness plan. Taxpayers, whether individuals, organizations or businesses, should take time now…
IRS announces waiver of dyed fuel penalty in Florida due to Hurricane Dorian | Internal Revenue Service IR-2019-148, August 30, 2019 WASHINGTON – To minimize or prevent disruptions to the supply of fuel for diesel-powered highway vehicles because of Hurricane Dorian, the Internal Revenue Service announced today it will not impose a penalty when dyed…
Interest rates remain the same for the fourth quarter of 2019 | Internal Revenue Service IR-2019-146, August 28, 2019 WASHINGTON — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning October 1, 2019, as they were in the prior quarter. The rates will be: five (5)…
Security Summit warns of new IRS impersonation email scam; reminds taxpayers the IRS does not send unsolicited emails | Internal Revenue Service IR-2019-145, August 22, 2019 WASHINGTON — The Internal Revenue Service and its Security Summit partners today warned taxpayers and tax professionals about a new IRS impersonation scam campaign spreading nationally on email. Remember:…
IRS automatically waives estimated tax penalty for eligible 2018 tax filers | Internal Revenue Service IR-2019-144, August 14, 2019 WASHINGTON — The Internal Revenue Service is automatically waiving the estimated tax penalty for the more than 400,000 eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver. The IRS…
Moriarty selected as new associate chief counsel for Income Tax and Accounting | Internal Revenue Service IR-2019-142, August 12, 2019 WASHINGTON — The Internal Revenue Service’s Chief Counsel announced that John Moriarty has been selected as the new associate chief counsel, Income Tax and Accounting. “John Moriarty will bring a wealth of leadership skills to…
