Tax-Exempt Organizations Require To E-File; The Internal Revenue Service (IRS) instructs all U.S. tax exempt organizations to electronically file information returns and related forms, as per the Taxpayer First Act, enacted July 1. According to the new IRS tax law…
The Internal Revenue Service and the Treasury Department issues proposed regulations on the compensation deductions for publicly held corporations in USA. The IRS proposed regulations are meant to provide changes from the Tax Cuts and Jobs Act (TCJA) on the tax…
Avoid Tax Time; The IRS brings the good news to the taxpayers in the United States to avoid tax-time surprises and other related problems. Those taxpayers who paid insufficient tax during 2019 can still avoid a tax-time surprise. This can…
Dec. 31 Retirees Deadline; The Internal Revenue Service (IRS) reminds the retirees who were born before 1st July, 1949 in the United States that they must take required minimum distributions (RMDs) from their retirement plans before 31st December, 2019. The…
Can I Get a Tax Refund if I Don’t File & Pay Taxes in USA? Every taxpayer in the United States expects to get a tax refund from the Internal Revenue Service agency. No doubt, your refunds can be the…
2020 US Tax Deadlines; Taxation in United States is very complicated. The Internal Revenue Service itself is not easy to deal for the common layman in America. The taxpayers always remain in confusion about the different types of tax forms…
The Internal Revenue Service (IRS) announced its taxpayers in United States that the interest rates will remain the same for the first quarter of the year 2020. It means that for the calendar quarter beginning January 1, 2020, all taxpayers…
According to the latest Internal Revenue Service news release, employers along with other businesses in the United States that need to file wage statements and independent contractor forms still have a January 31 due date. If you are such a…
Final Regulations on Foreign Tax Credits; The Internal Revenue Service (IRS) issues final regulations and proposed regulations on new international provision, the base erosion and anti-abuse tax. The issued proposed and final regulations are a joint effort by the U.S. Treasury Department…
The Internal Revenue Service (IRS) updates per diem guidance and regulations for business travelers as well as their employers in the United States. The amendments are made as a result of the Tax Cuts and Jobs Act (TCJA). The new…