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Many tax-exempt organizations have until May 15 to file information returns;...

IR-2019-90, May 7, 2019 — The Internal Revenue Service reminded certain tax-exempt organizations that Wednesday, May 15, 2019, is the filing deadline for Form 990-series information...

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Alimony

Old Rule The individual paying alimony or maintenance payments can deduct payments from their income. The person receiving the payments includes them as income. New Rule (Effective Jan. 1, 2019) The person making alimony or maintenance...

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U.S. Treasury Eliminates Tax Penalties for Taxpayers Confused About Withholding – posted...

Due to tax withholding confusion related to Tax Reform, the U.S. Treasury is cutting tax penalties for taxpayers who did not have enough tax withheld throughout 2018 via paycheck withholding or estimated tax payments. This applies to taxpayers who...

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New requirement applies to any business seeking a tax ID number;...

EINs and responsible parties Beginning May 13, 2019 only individuals with tax identification numbers – either a Social Security number (SSN) or an individual taxpayer identification number (ITIN) – may request an employer identification...

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