Tax reform changes affecting small business and self-employed

Tax reform changes affecting small business and self-employed taxpayers; third quarter estimated tax payment deadline is Sept. 17 IRS YouTube Videos: Estimated Tax Payments – English | Spanish | ASL IR-2018-182, Sept. 10, 2018 WASHINGTON – With the last third of the year now in full view, the IRS today reminded small business and self-employed […]

What makes your EA journey and MNSEA so unique for you?

My name is Janelle Julien and I am the new managing editor for NAEA’s EA Journal. I have been reviewing NAEA’s State Affiliates and would love to feature your society in some way. There used to be a column in the magazine called, “My EA Journey.” Would you or members of the society be interested […]

IRS webinar on Payroll Taxes, Estimated Taxes and Withholding

The IRS is launching a special campaign starting today to help specific groups of taxpayers avoid an estimated tax penalty by paying the right amount of tax all year. We’re sharing information to help wage earners, retirees, small business owners and self-employed individuals meet the upcoming Sept. 17 deadline for quarterly estimated tax payments. We’ll […]

External Stakeholders Email – IRS Outreach Functions

Since the IRS joined in partnership with the states and tax industry in 2015, we’ve made great inroads in our effort to combat stolen identity refund fraud. Our numbers are going in the right direction. Because it is much harder now to file a fraudulent tax return that can get past our safeguards, cybercriminals know […]

IRS urging certain groups of taxpayers to check payroll withholding

The IRS continues to urge taxpayers who haven’t yet done a “Paycheck Checkup” to do one as soon as possible to see if they’re having their employer withhold the right amount of tax after major changes in the tax law. The IRS Withholding Calculator can help taxpayers learn if they need to make changes soon […]

IRS issues proposed regs on new 20% deduction for passthru businesses

Media Relations Office                                                 Washington, D.C.                         Media Contact: 202.317.4000 www.irs.gov/newsroom                                                                                           Public Contact: 800.829.1040 IR-2018-162, Aug. 8, 2018 WASHINGTON — The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income. The new deduction — referred to […]

Join the Department of Revenue to discuss tax year 2018 forms

Since the end of the 2018 Legislative Session, the Minnesota Department of Revenue has been working to update the state tax filing systems for taxpayer use in 2019, including updates to Minnesota tax forms. We have been gathering frequently asked questions and providing answers on our website’s FAQ page.  Earlier this month, we posted near final 2018 Minnesota income, business, and fiduciary […]

IRS urges taxpayers to check withholding now to avoid tax surprises later; Spotlights special tools during week of Aug. 13 to help people overlooking major changes

Media Relations Office                                         Washington, D.C.                         Media Contact: 202.317.4000 www.irs.gov/newsroom                                                                                           Public Contact: 800.829.1040 IRS urges taxpayers to check withholding now to avoid tax surprises later; Spotlights special tools during week of Aug. 13 to help people overlooking major changes  With the year more than halfway over, the Internal Revenue Service urges taxpayers who haven’t yet done […]

Information from Alan Gregerson/IRS Stakeholder Liaison

Media Relations Office             Washington, D.C.                Media Contact: 202.317.4000 www.irs.gov/newsroom                                                        Public Contact: 800.829.1040  IRS and Treasury issue proposed regulations implementing Section 965 IR-2018-158, Aug. […]

IRS NEWS FOR TAX PROFESSIONALS – August 2018

IRS NEWS FOR TAX PROFESSIONALS August 2018 ►UPCOMING WEB CONFERENCES None scheduled for August at this time. Please check Webinars for Tax Practitioners later. ►TAX REFORM The Tax Reform page has been re-designed. Much easier to navigate! Main page for Tax Reform Individuals Businesses Tax Exempt & Government Entities Tax Reform: Updates on Like-Kind Exchanges […]