Today, during a meeting at the IRS, the head of the IRS Tax Reform Office told NSA EVP John Ams that the 199A regulations will be released in mid-July. In addition to the expected release date, EVP Ams was also informed that the regulations would be delivered in proposed form, subject to comments and a hearing, and will exceed 200 pages in length.
EVP Ams strongly suggests that NSA members should, "Be prepared!" to review the regulations when they become available, as the IRS expects taxpayers to rely on the proposed regulations until they are made final.
Today, the IRS Internal Review Service Advisory Council (IRSAC) released their 2018 final report to the Commissioner of Internal Revenue. This annual report contains evaluations of current practices and ...
After tax reform, many corporations will pay blended tax rate
Last year’s tax reform legislation replaced the graduated corporate tax structure with a flat 21 percent corporate tax rate. This new ...
Just Released: IRS issues final regulations, expanding paid preparer due diligence requirement to head of household filers
The Treasury Department and the Internal Revenue Service today issued final ...
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