News Releases for July 2019

Veteran IRS enforcement leaders selected to lead SB/SE, TE/GE; Hylton, Ripperda to serve as commissioners

IR-2019-137, July 31, 2019 — The IRS today announced the selection of Eric Hylton to lead the Small Business and Self-Employed (SB/SE) division and Tamera Ripperda to lead the Tax Exempt and Government Entities (TE/GE) division.

Tax Security 2.0 – A “Taxes-Security-Together” Checklist – Step 3

IR-2019-136, July 31, 2019 — The IRS, states and tax industry partners today warned tax professionals to beware of the continuing threat of phishing emails, which remain the most common tactic used by cybercriminals to steal sensitive data.

IRS, Treasury issue guidance on making or revoking the bonus depreciation elections

IR-2019-135, July 31, 2019 — The Internal Revenue Service today issued a Revenue Procedure allowing a taxpayer to make a late election, or to revoke an election, under section 168(k) for certain property acquired by the taxpayer after September 27, 2017, and placed in service by the taxpayer during its taxable year that includes September 28, 2017.

Orlando IRS Nationwide Tax Forum hosts seminars on cybersecurity, new tax law; Qualified Business Income sessions highly popular for tax pros

IR-2019-134, July 29, 2019 — Tax professionals who attend the IRS Nationwide Tax Forum in Orlando, Florida, will learn the latest on cybersecurity, ethics, tax law changes for 2019 and more.

August 1 IRS webinar to help employers, tax pros understand payroll taxes

IR-2019-133, July 29, 2019 — The Internal Revenue Service will conduct a webinar Aug. 1 for employers and tax professionals focusing on employment and payroll taxes.

IRS has begun sending letters to virtual currency owners advising them to pay back taxes, file amended returns; part of agency's larger efforts

IR-2019-132, July 26, 2019 — The IRS has begun sending letters to taxpayers with virtual currency transactions that potentially failed to report income and pay the resulting tax from virtual currency transactions or did not report their transactions properly.

Tax Security 2.0 – A "Taxes-Security-Together" Checklist – Step 2

IR-2019-131, July 23, 2019 — The IRS, state tax agencies and the nation’s tax industry today reminded all “professional tax preparers” that federal law requires them to create a written information security plan to protect their clients’ data.

Qualified Business Income sessions highlight 2019 Nationwide Tax Forum; 199A popular topic for tax pros attending

IR-2019-130, July 22, 2019 – The Internal Revenue Service reminded tax professionals that this year’s Nationwide Tax Forums offer several different sessions focusing on the new tax law’s provisions involving Qualified Business Income.

IRS expands list of preventive care for HSA participants to include certain care for chronic conditions

IR-2019-129, July 17, 2019 — The Internal Revenue Service today added care for a range of chronic conditions to the list of preventive care benefits that may be provided by a high deductible health plan (HDHP).

IRS provides additional details on transition tax on untaxed foreign earnings

IR-2019-128, July 16, 2019 — The Internal Revenue Service provided additional information to help taxpayers meet their filing and payment requirements for the Section 965 transition tax on untaxed foreign earnings.

Tax Security 2.0 – A "Taxes-Security-Together" Checklist – Step 1

IR-2019-127, July 16, 2019 — Using a new “Taxes-Security-Together” Checklist, the IRS and the Security Summit partners urged tax professionals to review critical security steps to ensure they are fully protecting their computers and email as well as safeguarding sensitive taxpayer data.

New Orleans prepped for IRS Nationwide Tax Forum, Aug. 6-8

IR-2019-126, July 16, 2019 — The IRS Nationwide Tax Forum slated for New Orleans is chock full of important information tax professionals can use, not only for continuing professional education credits, but to put into action immediately.

Time is running out for some combat-injured veterans to claim tax refunds of up to $3,200

IR-2019-125, July 12, 2019 — The IRS is reminding veterans who received disability severance payments after 1991 and claimed it as income that time may be running out to claim their refund.

Have a sunnier tax season with these summertime IRS tax tips

IR-2019-124, July 10, 2019 — Buying a home? Working a summer job? Volunteering? Activities that are common in the summer often qualify for tax credits or deductions.

National Taxpayer Advocate Nina Olson releases comprehensive report intended to improve EITC administration; publishes "subway map" of taxpayer’s journey through the tax system

IR-2019-123, July 10, 2019 — National Taxpayer Advocate Nina E. Olson today released a special report on the Earned Income Tax Credit (EITC), which makes recommendations designed to increase the participation rate of eligible taxpayers and reduce overclaims by ineligible taxpayers.

Tax Security 2.0 – A "Taxes-Security-Together" Checklist

IR-2019-122, July 9, 2019 — Leaders from the IRS, state tax agencies and the tax industry today called on tax professionals nationwide to take time this summer to review their current security practices, enhance safeguards where necessary and take steps to protect their businesses from global cybercriminal syndicates prowling the Internet.

IRS Nationwide Tax Forum in Chicago: Tax pros can get up-to-date info on cybersecurity, ethics, plus hear from IRS commissioner

IR-2019-121, July 1, 2019 — Tax professionals interested in attending the IRS Nationwide Tax Forum in Chicago, July 23-25, to learn cutting-edge information on tax reform, cybersecurity and more can save by registering now. IRS Commissioner Chuck Rettig will be the keynote speaker.

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