The Internal Revenue Service provided guidance Thursday on how employees and employers can carry over unused money from flexible spending accounts and dependent care assistance programs during the COVID-19 pandemic.
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Feed SubscriptionIRS offers guidance for teachers on deducting PPE expenses
The Internal Revenue Service issued guidance on how educators can deduct out-of-pocket expenses for personal protective equipment to safeguard teachers in the classroom during the pandemic.
Read More »IRS issues guidance on repayment of deferred payroll taxes
The Internal Revenue Service released information on how employees now have until the end of the year to repay any payroll taxes they deferred from last year.
Read More »Deloitte deal makes Tax Analysts’ law library public
The library includes the Internal Revenue Code; rules for accountants and others practicing before the IRS; proposed, final and temporary regs; IRS guidance and private rulings; and much more.
Read More »IRS finalizes rules for claiming carbon capture tax credits
The Internal Revenue Service and the Treasury Department released final regulations Wednesday on how businesses can claim a tax credit for use of carbon capture equipment to help the environment.
Read More »IRS ups fees for private letter rulings
The Internal Revenue Service is increasing many of the fees for requests for private letter rulings by 26.7 percent, starting Feb. 4.
Read More »AICPA joins in calling for PPP expense forgiveness legislation
The American Institute of CPAs has joined with over 560 business and trade organizations in urging Congress to pass legislation.
Read More »IRS issues final regs on 1031 exchanges
The rules address the definition of real property, and how to handle personal property included in an exchange.
Read More »IRS issues details on W-2 reporting on payroll tax deferral
The Internal Revenue Service has posted instructions for both employers and employees about how to handle the Form W-2 reporting for the payroll tax deferral under President Trump’s executive action.
Read More »IRS cuts entertainment tax break Trump now favors, amid virus
The Internal Revenue Service issued guidelines Wednesday scaling back a tax break for client entertainment, following through on an element of President Donald Trump’s 2017 tax overhaul that he has said he wants to reverse amid the virus pandemic.
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