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Final Regs Issued for Transportation, Commuting Expense; Some QOF Filers to Get Letters from IRS

by taxPRO Websites Staff | Dec 18, 2020 | Tax Tips and News

Final regulations have been issued on the deduction for qualified transportation fringe and commuting expense.… Read more about Final Regs Issued for Transportation, Commuting Expense; Some QOF Filers to Get Letters from IRS (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

New IRS Guidance Eases Burdens on Certain Safe Harbor Plans

by taxPRO Websites Staff | Dec 18, 2020 | Tax Tips and News

The Internal Revenue Service has issued Notice 2020-86, addressing certain parts of the SECURE Act that affect safe harbor plans—including safe harbor 401(k) plans and some 403(b) plans.… Read more about New IRS Guidance Eases Burdens on Certain Safe Harbor Plans (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Guidance Released for Some Debt Instruments Issued for Property

by taxPRO Websites Staff | Dec 18, 2020 | Tax Tips and News

The Internal Revenue Service has issued Revenue Ruling 2021-01, which lays out the prescribed rates for various income tax purposes.… Read more about Guidance Released for Some Debt Instruments Issued for Property (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Expansion of E-file Self-Correction Could Cut Taxpayer Hassle and Costs

by taxPRO Websites Staff | Dec 18, 2020 | Tax Tips and News

A government audit says that allowing taxpayers to electronically correct their returns is more than just good customer service—it’s good business.… Read more about Expansion of E-file Self-Correction Could Cut Taxpayer Hassle and Costs (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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