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IRS provides guidance on certain distributions from terminating 403(b) plans

Monday, November 09, 2020
WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued guidance for employers and employees with terminating 403(b) plans that fund benefits through 4 ..

Security Summit partners warn taxpayers of new COVID-related text scam

Thursday, November 05, 2020
WASHINGTON — The Internal Revenue Service, state tax agencies and the tax industry today warned of a new text scam created by thieves that trick people into disclosing bank account info ..

IRS makes it easier to set up payment agreements; offers other relief to taxpayers struggling with tax debts

Monday, November 02, 2020
The Internal Revenue Service today announced a number of changes designed to help struggling taxpayers impacted by COVID-19 more easily settle their tax debts with the IRS. The IRS assess ..

IRS: People with foreign accounts reminded of the extension to file 2019 FBAR by Oct. 31, Dec. 31 if impacted by certain natural disasters

Thursday, October 29, 2020
WASHINGTON — The Internal Revenue Service reminds U.S. citizens, entities and resident aliens with a foreign bank or financial account that they have until October 31, 2020, to file the ..

IRS provides tax inflation adjustments for tax year 2021

Tuesday, October 27, 2020
WASHINGTON — The Internal Revenue Service today announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax ..

Income ranges for determining IRA eligibility change for 2021

Tuesday, October 27, 2020
WASHINGTON — The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2021 in No ..

IRS adds QR technology to key balance due notices to help taxpayers

Monday, October 12, 2020
IR-2020-233, October 9, 2020 WASHINGTON — For the first time, the IRS is adding barcode technology to notices sent to millions of taxpayers. Starting this month, the CP14 and CP ..

IRS: Check tax withholdings now as the last quarter of 2020 begins

Friday, October 09, 2020
WASHINGTON — The Internal Revenue Service today reminded taxpayers that now is the perfect time to review their tax withholding and payments to avoid a surprise when filing next year.  ..

IRS issues final regulations on the deduction for meals and entertainment

Thursday, October 01, 2020
WASHINGTON — The Internal Revenue Service issued final regulations on the business expense deduction for meals and entertainment following changes made by the Tax Cuts and Jobs Act (TC ..

IRS provides final regulations on income tax withholding on certain periodic retirement and annuity payments

Wednesday, September 30, 2020
WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service today issued final regulations PDF (https://www.irs.gov/pub/irs-drop/td-9920.pdf)updating the federal i ..
 

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Alliance Tax Solutions, LLC, Accountant, Atlanta, GA