As part of a massive spending package, Congress passed the “Taxpayer Certainty and Disaster Tax Relief Act” at the end of 2019. In addition to a host of tax extenders, this new law provides tax relief for federal disaster area victims in 2018 through ...
The IRS has determined that in unique circumstances, such as where a corporation paid an unusual dividend for business reasons, not because of the enactment of TCJA, it may be appropriate to provide relief from double taxation.
The Tax Withholding Estimator, now available on IRS.gov, incorporates the changes from the redesigned Form W-4, Employee’s Withholding Certificate, that employees can fill out and give to their employers this year.
The Internal Revenue Service has announced it will return sequestered funds to businesses that were affected by a recent Office of Management and Budget (OMB) determination regarding the Balanced Budget and Emergency Deficit Control Act of 1985, as ...