OUR THOUGHTS ON:
Internal Revenue Service

SORT OPTIONS: Most Recent | Most Viewed

Relief from addition to tax for underpayment of estimated income tax for tax-exempt organizations that provide Qualified Transportation Fringe Benefits

As a result of the changes made to Internal Revenue Code (IRC) sections 274 and 512 by the Tax Cuts and Jobs Act of 2017, tax-exempt organizations must ... read more >

IRS Guidance on Parking Expenses for Qualified Transportation Fringes Provides Opportunities for Exempt Organizations

The IRS has released Notice 2018-99, which provides interim guidance to tax-exempt organizations as to how unrelated business taxable income (UBTI) is ... read more >

IRS Releases Official Inflation-Adjusted Tax Figures for 2019

On November 15, 2018, the IRS issued Revenue Procedure 2018-57, which details the official inflation-adjusted tax rate schedules and other tax figures ... read more >

Revenue Procedure 2018-52 Released by IRS: VCP Modifications

On September 28, 2018, the IRS released Revenue Procedure 2018-52, which will be effective as of January 1, 2019 and supersedes Revenue Procedure 2016-51. ... read more >

Calling all U.S. Citizens

Did you properly report your foreign income and assets? U.S. citizens are required to report income on their tax returns, irrespective of where the income ... read more >

Significant Tax Savings Available Using Qualified Opportunity Zones: Proposed Regulations Issued

The Internal Revenue Service (IRS) finally issued much needed guidance, in the form of proposed regulations, on Qualified Opportunity Zones (QOZs). The ... read more >