Tag: irs

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IRS Expands COVID-19 Postponement Relief

Federal tax payments and returns eligible for relief are expanded. Any tax return or payment…

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Tax Extension Frequently Asked Questions
FAQ: Federal Tax Filing & Payment Extension

Summary of IRS frequently asked questions to provide additional clarification and guidance regarding the application…

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Payroll Tax Credits for COVID-19 Mandated Paid Leave
Payroll Tax Credits & Rapid Refunds for Employers Making COVID-19 Leave Payments

The IRS has just clarified that employers can subtract the cost of the new mandated…

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April 15th Tax Deadline Delayed to July 15th
IRS Extends Federal Tax Filing Deadline to July 15th

The tax filing deadline was officially extended to July 15th, giving individual, trust and corporate…

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Negative Tax Basis Delayed
Tax Basis Reporting Requirements Delayed

On December 9, 2019, the IRS issued Notice 2019-66, which provides that partnerships required to…

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Partnership Disclosure Requirements for 2019 Filings

On September 30, 2019, the Internal Revenue Service (IRS) posted copies on its website of…

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New Partnership Reporting Requirement: Negative Tax Basis Capital Account Information

The IRS now requires partnerships to report each partner’s tax basis capital on their respective…

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Treasury Notice: Proposed GILTI Regulations for Domestic Partnerships And S Corporations

On August 22, 2019, the Department of the Treasury and the Internal Revenue Service (collectively,…

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Regulations for GILTI and Other International Provisions

On June 14, 2019, the Department of the Treasury and the Internal Revenue Service (collectively,…

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Applying Section 83(i) Deferral of Tax Payment

On December 7, 2018, the IRS issued guidance on the application of Internal Revenue Code…

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