News Releases for July 2020

IRS issues proposed regulations for TCJA’s simplified tax accounting rules for small businesses

IR-2020-174, July 30, 2020 — The Internal Revenue Service today issued proposed regulations proposed regulations updating various tax accounting regulations to adopt the simplified tax accounting rules for small businesses under the Tax Cuts and Jobs Act (TCJA).

IRS grants additional relief for rehabilitation credit deadlines

IR-2020-173, July 30, 2020 — Because of the burdens the COVID-19 pandemic has placed on taxpayers claiming the rehabilitation credit, the Internal Revenue Service today issued Notice 2020-58 that provides additional relief to taxpayers in satisfying the substantial rehabilitation test.

IRS: New law provides relief for eligible taxpayers who need funds from IRAs and other retirement plans

IR-2020-172, July 29, 2020 — The Internal Revenue Service provided a reminder today that the Coronavirus Aid, Relief, and Economic Security (CARES) Act can help eligible taxpayers in need by providing favorable tax treatment for withdrawals from retirement plans and IRAs and allowing certain retirement plans to offer expanded loan options.

IRS issues final regulations and other guidance on business interest expense deduction limitation

IR-2020-171, July 28, 2020 — The Internal Revenue Service issued final regulations regarding the provision of the Tax Cuts and Jobs Act that limits the deduction for business interest expense, including basic statutory amendments made by the CARES Act.

Working Virtually: Use multi-factor authentication to protect accounts; Part 2 of Security Summit tips for tax professionals

IR-2020-170, July 28, 2020 — With heightened threats during COVID-19, the Internal Revenue Service and Security Summit partners today called on tax professionals to select multi-factor authentication options whenever possible to prevent identity thieves from gaining access to client accounts.

IRS provides guidance on recapturing excess employment tax credits

IR-2020-169, July 27, 2020 — The Internal Revenue Service issued a temporary regulation and a proposed regulation to reconcile advance payments of refundable employment tax credits and recapture the benefit of these credits when necessary.

IRS nhắc nhở về tùy chọn nộp hồ sơ điện tử cho các doanh nghiệp mà phải nộp báo cáo giao dịch tiền mặt; hiện có thể nộp cùng lúc nhiều hồ sơ

IR-2020-168, ngày 22 tháng 7 năm 2020 — Sở Thuế Vụ nhắc nhở các doanh nghiệp mà phải nộp báo cáo về các giao dịch tiền mặt lớn rằng việc nộp hồ sơ điện tử là một lựa chọn nhanh chóng, dễ dàng và an toàn để nộp báo cáo của họ. Giờ đây, các doanh nghiệp có thể gửi hàng loạt báo cáo của họ, điều này đặc biệt hữu ích đối với những người được yêu cầu gửi nhiều biểu mẫu.

Working Virtually: Protect tax data at home and at work with the "Security Six;" Part 1 of Security Summit tips for tax professionals

IR-2020-167, July 21, 2020 — With cyberthieves active during COVID-19, the Internal Revenue Service and the Security Summit partners today urged tax professionals to review critical security steps to ensure they are fully protecting client data whether working in the office or a remote location.

IRS creates new Enterprise Digitalization and Case Management office; Smith, Abold-LaBreche to serve as co-directors

IR-2020-166, July 21, 2020 — The Internal Revenue Service announced today the creation of the new Enterprise Digitalization and Case Management office, which will spearhead IRS efforts to empower taxpayers and IRS employees to rapidly resolve issues in a simplified digital environment.

Treasury, IRS issue final and proposed regulations on income subject to a high rate of foreign tax

IR-2020-165, July 20, 2020 — The Department of the Treasury and the Internal Revenue Service today issued a final regulation addressing the treatment of income earned by certain foreign corporations that is subject to a high rate of foreign tax.

Lời khuyên của IRS cho những ai đã bị lỡ thời hạn ngày 15 tháng 7, hãy khai thuế ngay để tránh hóa đơn lớn hơn

IR-2020-1604, ngày 20 tháng 7 năm 2020. WASHINGTON — Đối với những người đã bị lỡ thời hạn khai thuế ngày 15 tháng 7 và không yêu cầu gia hạn, Sở Thuế Vụ nhắc nhở người đóng thuế về một số lưu ý quan trọng, gồm cả việc khai thuế điện tử càng sớm càng tốt để giảm khả năng bị phạt.

Security Summit focuses on tax pro security during coronavirus; new series on working virtually: protecting tax data at home and at work

IR-2020-163, July 17, 2020 — The Internal Revenue Service and the Security Summit partners today urged tax professionals this summer to review critical security steps to ensure they are fully protecting client data whether working in the office or a remote location.

IRS: Seniors, retirees not required to take distributions from retirement accounts this year under new law

IR-2020-162, July 17, 2020 — The Internal Revenue Service today reminds seniors and retirees that they are not required to take money out of their IRAs and workplace retirement plans this year.

IRS gỡ rối các lầm tưởng về hoàn thuế

IR-2020-161, ngày 16 tháng 7 năm 2020 ― Hiện tại đã qua thời hạn khai thuế ngày 15 tháng 7, Sở Thuế Vụ nhắc nhở tất cả những người đóng thuế rằng không có cách bí mật nào để biết khi nào sẽ được hoàn thuế.

IRS tiết lộ danh sách các trò lừa đảo thuế "Dirty Dozen" cho năm 2020; Người Mỹ được kêu gọi cảnh giác với những mối đe dọa này trong đại dịch và hậu quả sau đó

IR-2020-160, ngày 16 tháng 7 năm 2020 — Sở Thuế Vụ (Internal Revenue Service, hay IRS) hôm nay đã công bố danh sách các trò lừa đảo thuế hàng năm "Dirty Dozen", đặc biệt nhấn mạnh vào các âm mưu táo bạo và ngày càng tăng liên quan đến việc giảm nhẹ gánh nặng thuế do vi-rút corona, bao gồm cả Khoản thanh toán Tác động Kinh tế.

IRS announces 2021 PTIN fees for tax return preparers

IR-2020-159, July 15, 2020 — The Internal Revenue Service announced today the annual fee for 2021 that tax return preparers must pay to apply for or renew their Preparer Tax Identification Number (PTIN).

IRS is sending letters to those experiencing a delay with advance payment of employer credits

IR-2020-158, July 15, 2020 — The Internal Revenue Service has started sending letters to taxpayers who have experienced a delay in the processing of their Form 7200, Advance Payment of Employer Credits Due To COVID-19.

Công cụ Tiền hoàn thuế của tôi đâu? trên IRS.gov cho biết về thời điểm dự kiến nhận được hoàn thuế

IR-2020-157, ngày 15 tháng 7 năm2020 — Sở Thuế Vụ (Internal Revenue Service hay IRS) nhắc nhở người đóng thuế rằng một trong những cách tốt nhất để kiểm tra tiền hoàn thuế của họ là công cụ Tiền hoàn thuế của tôi đâu? trên trang web IRS và ứng dụng IRS2Go. Được cập nhật một lần mỗi ngày, thường là qua đêm, công cụ hữu ích này cung cấp cho người đóng thuế một ngày phát hành tiền hoàn thuế dự kiến ngay sau khi được phê duyệt.

IRS provides additional relief for tax-exempt hospitals: Deadline for completing certain needs assessment requirements moved to Dec. 31

IR-2020-156, July 14, 2020 — Because of the burdens the COVID-19 pandemic has placed on hospitals, the Internal Revenue Service today provided additional relief to hospital organizations that must meet the Community Health Needs Assessments (CHNA) requirements.

Treasury and IRS release draft partnership form to provide greater clarity on international tax reporting

IR-2020-155, July 14, 2020 — The Treasury Department and the IRS today released a proposed redesigned partnership form for tax year 2021 (filing season 2022).

IRS reminder: File and pay 2019 business taxes by July 15; 2020 estimated tax also due

IR-2020-154, July 14, 2020 — The Internal Revenue Service today reminded business taxpayers that their 2019 tax returns and tax payments, as well as their first two 2020 estimated tax payments, are due on Wednesday, July 15.

Lời nhắc của IRS: Người đóng thuế có thể được gia hạn đến ngày 15 tháng 10 để khai thuế

IR-2020-153, ngày 14 tháng 7 năm 2020 — Sở Thuế Vụ (Internal Revenue Service, hay IRS) hôm nay nhắc nhở những người đóng thuế rằng họ có thời gian đến ngày đến hạn được hoãn là ngày 15 tháng 7 năm 2020 để gửi đơn xin gia hạn nộp tờ khai thuế liên bang cho năm 2019. Việc gia hạn cho phép người đóng thuế có thời gian đến ngày 15 tháng 10 để khai thuế, nhưng các khoản thuế nợ sẽ đến hạn muộn nhất là ngày 15 tháng 7.

Tax Court strikes down four more abusive syndicated conservation easement transactions; IRS calls on taxpayers to accept settlement offers in syndicated conservation easement cases

IR-2020-152, July 13, 2020 — On July 9, the U.S. Tax Court struck down four more abusive syndicated conservation easement transactions.

J5 reflects on two-years pursuing global tax cheats

IR-2020-151, July 13, 2020 — Leaders from five international tax organizations are marking the two-year anniversary of the formation of the Joint Chiefs of Global Tax Enforcement (J5) this week.

IRS gives tips on filing, paying electronically and checking refunds online; 2019 tax returns and payments due July 15

IR-2020-150, July 13, 2020 — The Internal Revenue Service today reminded taxpayers with a filing requirement to file an accurate tax return on time even if a balance due can’t be paid in full.

IRS cho biết việc Kiểm tra Phiếu lương giúp tránh được các bất ngờ về thuế

IR-2020-149, ngày 10 tháng 7 năm 2020 — Sở Thuế Vụ (Internal Revenue Service hay IRS) đang nhắc nhở người đóng thuế rằng việc sử dụng Công Cụ Ước Tính Tiền Khấu Lưu Thuế của IRS để thực hiện Kiểm tra Phiếu lương (tiếng Anh) có thể giúp họ khấu lưu đúng số tiền thuế và tránh bị bất ngờ khi khai thuế vào năm sau.

IRS provides last-minute tips for last-minute filers

IR-2020-148, July 10, 2020 — With the July 15 tax-filing deadline − postponed from April 15 – only a few days away, the IRS is reminding taxpayers who have yet to file their tax returns that IRS.gov has tools and services to help them meet their tax obligations.

IRS finalizes guidance on deduction for foreign-derived intangible income and global intangible low-taxed income

IR-2020-147, July 9, 2020 — The IRS issued final regulations final regulations that provide guidance on deductions for foreign-derived intangible income (FDII) and global intangible low-taxed income allowed to domestic corporations under the Internal Revenue Code.

IRA contributions made by July 15 count as 2019 tax deduction

IR-2020-146, July 9, 2020 — The IRS today reminded people that contributions to traditional Individual Retirement Arrangements (IRAs) made by the postponed tax return due date of July 15, 2020, are deductible on a 2019 tax return.

IRS.gov có câu trả lời về việc khai thuế, nộp thuế và ngày đến hạn 15 tháng 7

IR-2020-145, Ngày 9 tháng 7 năm 2020 — Khi ngày đến hạn tháng 7 để nộp hồ sơ khai thuế đến gần hơn, Sở Thuế Vụ (Internal Revenue Service, hay IRS) nhắc nhở người đóng thuế về nguồn hỗ trợ trực tuyến có sẵn trên IRS.gov. Cho dù trên máy tính tại nhà hoặc thiết bị di động, số người đóng thuế truy cập IRS.gov tiếp tục tăng lên hàng năm vì lượng thông tin có sẵn cho họ.

Treasury, IRS issue guidance on reporting qualified sick and family leave wages paid

IR-2020-144, July 8, 2020 — The Treasury Department and the IRS today provided guidance in Notice 2020-54 to employers requiring them to report the amount of qualified sick and family leave wages paid to employees under the Families First Coronavirus Response Act on Form W-2.

IRS resources available in English, Spanish and other languages to help taxpayers still needing to file their 2019 tax returns

IR-2020-143, July 8, 2020 — As the tax-filing deadline fast approaches, the IRS reminds taxpayers with limited English proficiency and who have yet to file their 2019 tax returns that there are a variety of ways to get help and information in languages other than English.

Taxpayers need to resume payments by July 15

IR-2020-142, July 8, 2020 — The IRS today reminds taxpayers who took advantage of the People First Initiative tax relief and did not make previously owed tax payments between March 25 to July 15 that they need to restart their payments.

Reminder to tax-exempt organizations: 990s, other forms due July 15; e-file best way to file

IR-2020-141, July 7, 2020 — The IRS today reminds tax-exempt organizations that certain forms they file with the IRS are due on July 15, 2020.

IRS reminds members of the U.S. Armed Forces of special tax breaks, helpful resources as the July 15 tax deadline approaches

IR-20-140, July 7, 2020 ― The IRS today encouraged members of the military and their families to learn more about the special tax benefits available to them as the July 15 tax filing season deadline approaches.

Find a qualified tax professional using IRS website resources

IR-2020-139, July 6, 2020 — With the federal income tax deadline just around the corner, the Internal Revenue Service wants to remind taxpayers that IRS.gov offers tips on finding a qualified tax professional.

Treasury Department and IRS issue guidance for consolidated groups regarding net operating losses

IR-2020-138, July 2, 2020 — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations and temporary regulations that provide guidance for consolidated groups regarding net operating losses (NOLs).

IRS offers additional retail partners that accept cash payments for federal taxes

IR-2020-137, July 1, 2020 — The Internal Revenue Service today announced additional retail partners are accepting cash payments for federal taxes.

IRS provides tax relief for the low-income housing credit and bonds for qualified residential rental projects

IR-2020-136, July 1, 2020 — In response to the ongoing COVID-19 pandemic, the Internal Revenue Service today issued Notice 2020-53 to provide tax relief to issuers, operators, owners, and tenants of qualified low-income housing projects or qualified residential rental projects financed with exempt facility bonds, and state agencies that have jurisdiction over these projects.

IRS unclaimed refunds of $1.5 billion waiting for tax year 2016; taxpayers face July 15 deadline

IR-2020-135, July 1, 2020 — Unclaimed income tax refunds worth more than $1.5 billion await an estimated 1.4 million individual taxpayers who did not file a 2016 federal income tax return, according to the Internal Revenue Service.

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