Proposed regs. explain disallowed transportation fringe benefits
IRS Tax News – Proposed regs. explain disallowed transportation fringe benefits The IRS issued proposed regulations implementing changes to Sec. 274 that disallow a deduction for the expense of any Sec. 132(f) qualified transportation fringe provided to an...Latest Data Shows That the Tax Cuts and Jobs Act Did Not Dampen Charitable Giving
Tax Policy – Latest Data Shows That the Tax Cuts and Jobs Act Did Not Dampen Charitable Giving Americans are very generous people, and they give despite the reduced tax benefits of giving. That’s the takeaway from Giving USA’s latest annual report on the...Guidance on how to take CARES Act distributions from qualified plans
IRS Tax News – Guidance on how to take CARES Act distributions from qualified plans The IRS released guidance on how taxpayers can take coronavirus-related distributions from qualified retirement plans as authorized by the CARES Act. Source: IRS Tax...IRS Says Modernized e-File Unavailable During Extended Maintenance
Tax professionals planning to use the IRS Modernized e-File (MeF) system this weekend to file a stack of returns for their clients may have to send them to the Internal Revenue Service at a different time. The… Read more about IRS Says Modernized e-File Unavailable During Extended Maintenance (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
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