UBTI Silo Rules; Guidance for Tax-Exempt Organizations; The U.S. Treasury Department and Internal Revenue Service (IRS) today issued proposed regulations for unrelated businesses income for tax-exempt organizations under the Tax Cuts and Jobs Act (TCJA). The proposed guidance for tax-exempt organizations covers…

Updates to Get My Payment App; The Internal Revenue Service (IRS) and the U.S. Treasury Department announced significant enhancements to the “Get My Payment” online application tool for receiving Economic Impact Payments. The updates and enhancements are made for delivering…

Outsourcing has become an integral part of modern business. In the interest of time, cost, and efficiency, businesses have, for long, been outsourcing common operation tasks to other more capable organizations. For instance, in the case of accounting operations, it…

Non-Filers: Enter Payment Info and the IRS  Tool’; The U.S. Treasury Department and the Internal Revenue Service today launched a new web tool (Non-filers: Enter Payment I  nfo Here) that allows quick registration for Economic Impact Payments for those who don’t…

Americans Received Economic Impact Payments; The U.S. Treasury Department proudly announces that more than 80 million U.S. people will receive automatic Economic Impact Payments into their bank accounts, this week. The U.S. Treasury Department and the Internal Revenue Service transferred…

IRS Partners With Veterans Affairs; Veterans Will Receive Automatic Economic Impact Payments; The Internal Revenue Service (IRS) partners with the Treasury Department and the Department of Veterans Affairs to deliver Economic Impact Payments to Veterans automatically. The news is announced…

‘Get My IRS Payment’ To Submit Direct Deposit Info & Tracking Economic Impact Payments Date; The U.S. Treasury Department and the Internal Revenue Service unveil online application ‘Get My Payment’ for Americans to get complete help regarding their Economic Impact…

Benefits Recipients To Receive Full Economic Impact Payment $500 per eligible child; The Internal Revenue Service (IRS) made special alert for numerous groups of federal benefit recipients including SSA, RRB recipients with eligible children to act by Wednesday to receive…

Tax Deadline Delayed For Alcohol, Tobacco, Firearms And Ammunition Businesses by the Internal Revenue Service (IRS) and the U.S. Department of the Treasury, businesses affected by Coronavirus. As per the details, tax deadlines for payments & reporting has been postponed…

Economic Impact Payments for Social Security Recipients; The Internal Revenue Service (IRS) and the U.S. Department of the Treasury made an announcement regarding Economic Impact Payments for the recipients of Social Security in the United States. As per the announcement,…