Legislative Link December 2019
Below is a selection of recent news and updates for tax and accounting professionals. Time to Renew PTINs The IRS
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IRS Offers Settlement
On September 16, 2019 the Internal Revenue Service announced the mailing of a limited time settlement offer for certain taxpayers
Read moreIRS Announces Leadership Appointments
On September 11, 2019, the Internal Revenue Service announced Darren Guillot’s appointment to the role of Deputy Commissioner for Collection
Read moreRecent Draft Forms from the IRS
The IRS has released draft forms that may help NSA members prepare for updates and final forms that will be
Read moreHouse Passed the SECURE Act
NSA’s Federal Tax Committee reported that the House of Representatives has passed the Setting Every Community Up for Retirement Enhancement
Read moreIRS Guidance on Redemption of Stock
Guidance on the application of subchapters C and S of chapter 1 of subtitle A of the Internal Revenue Code
Read moreIRS Guidance on Foreign Tax Credits
The Tax Cuts and Jobs Act of 2017 modified the foreign tax credit rules. These rules allow US taxpayers to
Read moreFinal, New Proposed Section 199A Regulations Released
Pass-through entities on January 18 received final and new proposed regulations on how to qualify for a new 20% tax
Read moreBrady Pushes Tax Law Fixes, Extenders Package in House
On Nov. 26, Ways and Means Chairman Kevin Brady (R-Texas) released the text of an omnibus tax bill that would
Read moreThe IRS Advisory Council Released the 2018 Annual Report
On November 15th, the IRS Internal Review Service Advisory Council (IRSAC) released their 2018 final report to the Commissioner of Internal
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