April 17, 2019
IRS Issues Guidance Relating to Deferral of Gains For Investments in a Qualified Opportunity Fund
The guidance notes there are situations where deferred gains may become taxable if an investor transfers their interest in a QO Fund.
March 27, 2019
Seeking to enhance security, IRS revises EIN application process
There is no change for tax professionals who may act as third-party designees for entities and complete the paper or online applications on behalf of clients.
March 21, 2019
Trump Tax Reform Hits Home in Wealthy New York Suburbs
Local realtors are highlighting small changes in tax rates that can benefit home buyers who cross town lines.
March 20, 2019
Opportunity Funds May Supercharge After-Tax Yields, But Risks Remain
Opportunity Zone investments require significant capital improvements with inherent construction and market risk associated with value-add investment strategies.
March 20, 2019
Arrests and Indictments After Two-week Campaign to Fight Refund Fraud, Identity Theft
"With our partners in other agencies and the private sector, we are dismantling these crooked enterprises and enforcing our tax laws."
March 13, 2019
Refunds of $1.4B Waiting to be Caimed by Individuals Who Have Not Filed 2015 Tax Returns
If tax returns aren't filed within three years, the money becomes the property of the U.S. Treasury.
March 6, 2019
Seniors who turned 70 and a half last year must start receiving retirement plan payments by April 1
Though the April 1 deadline is mandatory for all owners of traditional IRAs and most participants in workplace retirement plans, some people with workplace plans can wait longer to receive their RMD.
March 5, 2019
Proposed regulations on deduction for foreign-derived and global intangible income
Proposed regulations provide guidance on both the computation of the deductions available under section 250 and determination of FDII.