e-News for Payroll Professionals 1. New on IRS.gov Pub. 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G Inst. SS-4, Instructions for Form SS-4, Application for Employer Identification Number Form SS-4, Application for Employer Identification Number Form 9783, EFTPS Individual Enrollment Form Form 9779, EFTPS Business Enrollment Form 2. Help for Victims of Hurricanes… Read More »
IRS Issues Guidance for Allowance of Credit for Increasing Research Activities WASHINGTON–The Internal Revenue Service has issued guidance to Large Business & International (LB&I) Division examiners regarding the examination of the credit for increasing research activities under IRC Section 41 (“Research Credit”) claimed by LB&I taxpayers. Independently determining the correct amount of Research Credit claimed by LB&I taxpayers… Read More »
1. Tax Relief for Hurricane Harvey and Irma Victims As the hurricane season continues, IRS is working to provide relief to tax professionals and their clients. Extensions of time to file and other forms of tax relief are available to victims of hurricanes Harvey and Irma. Checkwww.irs.gov/hurricaneharvey and www.irs.gov/hurricaneirma for the latest updates. Back to top 2. IRS Urges Foreign… Read More »
N-2017-46: Revised Guidance Related to Obtaining and Reporting Taxpayer Identification Numbers and Dates of Birth by Financial Institutions Notice 2017-46 provides guidance for financial institutions required to collect taxpayer identification numbers (TINs) and dates of birth under temporary regulations under Chapter 3 or a Model 1 Intergovernmental Agreement (IGA) as follows: (1) With respect to foreign… Read More »
Notice 2017-54 announces the special per diem rates effective October 1, 2017, which taxpayers may use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home. This notice provides the special transportation industry rate, the rate for the incidental expenses only deduction, and the rates and list of high-cost localities… Read More »
Update: IRS Extends Waiver of Diesel Fuel Penalty Following Continuing Shortage of Undyed Diesel Due to Hurricane Irma WASHINGTON – The Internal Revenue Service (IRS), in response to continued shortages of undyed diesel fuel caused by Hurricane Irma, will extend its waiver of penalties for dyed diesel fuel, first announced in IR-2017-149, when such fuel is sold for… Read More »
IRS Offers Help to Hurricane Victims: A Recap of Key Tax Relief Provisions Available Following Harvey, Irma and Maria WASHINGTON – The Internal Revenue Service today offered a rundown of key tax relief that has been made available to victims of Hurricanes Harvey, Irma and Maria. In general, the IRS is now providing relief to individuals and businesses… Read More »
Reminder for Parents, Students: Check Out College Tax Benefits WASHINGTON ― With back-to-school season in full swing, the InternalRevenue Service reminds parents and students about tax benefits that can help with the expense of higher education. Two college tax credits apply to students enrolled in an eligible college, university or vocational school. Eligible students include the taxpayer,… Read More »
GST Rate Change Episode 2 by TaxHeal Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Judgments GST Judgments GST Press Release GST Press Release GST… Read More »
GST Made Easy-Answer to All Your Queries on GST -4th Edition Sep 2017 Price Rs 475 Click to buy online Edition : 4th Edition 2017 Date of Publication : Sept. 2017 ISBN No.:9789386882110 Binding : Paperback No. Of Pages : 292 Weight (Kgs) : 0.325 View Contents of this Book Related Books on GST Related Topic on GST Topic Click… Read More »