Notice 2017-57, Foreign Currency Guidance under Section 987 Issue Number: Notice 2017-57 Inside This Issue Foreign Currency Guidance under Section 987 Notice 2017-57 1. PURPOSE This Notice announces that the Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) intend to amend the regulations under section 987 to defer the applicability date of the final… Read More »
Notice 2017-60 sets forth: (1) the mortality table to be used to determine minimum lump sums for distributions during stability periods beginning in the 2018 calendar year, and (2) updated mortality tables for 2018 determined under prior regulations. The updated mortality tables determined under prior regulations apply to certain plans with end-of-year valuation dates, and certain… Read More »
Taxpayers Should Be Wary of Unsolicited Calls from the IRS Taxpayers who get an unexpected or unsolicited phone call from the IRS should be wary – it’s probably a scam. Phone calls continue to be one of the most common ways that thieves try to get taxpayers to provide personal information. These scammers then use that… Read More »
Extension Filers Should Review Tax Credits Before Filing Taxpayers who requested an extension of time to file their federal tax returns have until Oct.16 to double-check their returns for tax benefits that people often overlook. These taxpayers still have time to see if they can benefit from these four credits. Earned Income Tax Credit The Earned Income… Read More »
AIR ISS-A2A WSDL for Filing Season 2018/Tax Year 2017 AATS is now available If you would like to request the AIR AATS WSDL for Filing Season 2018/Tax Year 2017, the Responsible Official or an official identified as a Contact on the ACA Application for TCC must send an email to the AIR Mailbox with “AATS WSDL for… Read More »
Tax Filing Extension Expires Oct. 16 for Millions of Taxpayers; Check Eligibility for Overlooked Tax Benefits WASHINGTON – The Internal Revenue Service today urged taxpayers who have a filing extension through Oct. 16 to check their returns for often-overlooked tax benefits. When they are ready to file, the IRS recommends they file their return electronically using IRS e-file or… Read More »
Tax Exempt & Government Entities FY 2018 Work Plan Related USA IRS News
USA IRS Website Simplified & Redesigned Related USA IRS News
Extension Filers: Deadline is Monday, Oct. 16; Prior-Year Adjusted Gross Income Amount May Be Needed to File Electronically YouTube Video How to Use Get Transcript Online: English WASHINGTON – The Internal Revenue Service has an important reminder for taxpayers who filed for an extension and face an Oct. 16 filing deadline: The adjusted gross income (AGI) amount from their… Read More »
2016 Statistics of Income Program Documentation: Data Items by Forms and Schedules This document is now available on SOI’s Tax Stats Web page and contains the Federal tax forms, schedules, and information documents selected for SOI’s Tax Year 2016 studies. It is organized in the following two parts: Individual and Tax Exempt studies include data related… Read More »