IRS Releases New Form 8918, Material Advisor Disclosure Statement
The IRS has released a new version of Form 8918, Material Advisor Disclosure Statement, to include 2D barcodes. After June 1, […]
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IRS Revises Form 1024 to Allow Electronic Submission
The IRS has revised Form 1024, Application for Recognition of Exemption Under Section 501(a), and its instructions to allow electronic […]
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IRS FAQs on Reporting Guidance for Carried Interests
The IRS has released frequently asked questions (FAQs) detailing reporting directions for certain passthrough entities and taxpayers partnership interests reporting held in […]
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IRS Launches New Verification Process for Certain Online Services
The IRS has updated how users sign in and verify their identity for certain IRS online services with a mobile-friendly […]
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IRS Issues FAQs on Coronavirus State and Local Fiscal Recovery Funds
The IRS has provided FAQs regarding Coronavirus State and Local Fiscal Recovery Funds (SLFR Funds). The FAQs detail the tax […]
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IRS Reminds Taxpayers of Special $600 Donation Tax Deduction
The IRS has reminded taxpayers that a special tax provision will permit more individuals to easily deduct donations of up […]
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IRS Announces Launch of New Feature in CTC UP for Taxpayers to Revise Their Income
The IRS will launch a new feature on November 1, 2021, allowing any family receiving monthly Child Tax Credit (CTC) […]
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FAQs on 2020 Unemployment Compensation Exclusion Updated
The IRS has updated its frequently-asked-questions (FAQs) on 2020 Unemployment Compensation Exclusion. These updated FAQs are: (1) Question 2, Topic D: Amended […]
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