IRS Reopens Backlogged Income Verification ServiceThe IRS has reopened its Income Verification Express Service (IVES) program during the partial federal government shutdown. IVES is a user fee-based program that enables mortgage lenders and others wi...
Proposed Regs Provided for Code Sec. 163(j) LimitThe IRS has proposed regulations on the limitation on the business interest expense deduction under Code Sec. 163(j), as amended by the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97). The IRS also has is...
New Tax Reform-Related Regs May Appear SoonA top Senate tax writer has said additional proposed regulations for the new tax code are expected to be released soon. Treasury Secretary Steven Mnuchin provided Republican senators with an update on...
Tax Court Adopts Amended, New Practice RulesThe Tax Court adopted amendments to its electronic filing and paying rule. The adopted rules cover petitions and other documents that are currently not filed electronically. These rules were first pro...
TIGTA Presents Semiannual Report to CongressThe Treasury Inspector General for Tax Administration (TIGTA) has released its semiannual report to Congress, highlighting its audits, investigations, inspections and evaluations. The report includes ...
CA - Guidance on disaster loss claims issuedThe California Franchise Tax Board has issued publication informing taxpayers about disaster claims against their corporate and personal income tax liabilities. The publication explains who is eligibl...
MD - Changes for 2019 tax filing season announcedFor income tax purposes, several changes will take effect for the 2019 tax filing season.Exemptions and DeductionsFor tax year 2018, the standard deduction is increased to a maximum value of $2,250 fo...
MS - Guidance on effects of TCJA releasedMississippi has issued guidance for personal and corporation income taxpayers on the effects of the Tax Cuts and Jobs Act (TCJA). Mississippi reminds taxpayers that many aspects of the TCJA will not a...
NE - Warning provided on tax scamThe Nebraska Department of Revenue has warned taxpayers to be wary of websites purporting to sell sales tax resale certificates.Sales Tax FormsThe department does not charge for sales tax permits, res...
PA - Pennsylvania tax filing season opensThe Pennsylvania Department of Revenue (department) has announced that the personal income tax filing season for tax year 2018 has opened. All taxpayers who received more than $33 in total gross taxab...