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Topic: Irs Updates

Opportunity Zones Explained: IRS Guidance Updates
By Don Warrant, CPA on June 24, 2020

On June 4, 2020, the IRS released Notice 2020-39 which provides relief under the federal Qualified Opportunity Zone (“QOZ”) program as follows: 1.) 180-Day Investment Requirement for QOF...

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6 Telltale Signs of a Tax Scam
By Freed Maxick Tax Team on April 2, 2019

As scamming tactics become more sophisticated even knowledgeable taxpayers can get scammed With taxes on everyone’s mind this time of year, it’s not surprising that this is also a...

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New IRS Partnership Tax Audit Rules are Now in Effect
By Shauna VanRemmen on February 14, 2018

Significant Economic Impact on Partners on the Horizon? The 2015 Bipartisan Budget Act repealed existing TEFRA partnership audit procedures and replaced them with the new Partnership...

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IRS Releases 2018 Federal Withholding Tables; Payroll Questions Remain
By Freed Maxick Tax Team on January 31, 2018

Employees should still review withholding to make sure they are not surprised by a significant balance due at tax time. The IRS has issued updated payroll withholding tables designed to...

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Proposed SEC. 385 Regulations: Be Aware of Their Impact!
By Thomas R. Chiavetta on September 15, 2016

Avoid Unintended Results from Complex New Rules for Intercorporate Debt In April 2016, the Treasury Department and the IRS issued proposed regulations under Sec. 385. If the proposed...

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IRS Releases New Interactive Online Application for Tax Exempt Status- Form 1023
By Freed Maxick on December 4, 2013

By: Sandra DeSimone, CPA, Manager If your organization is considering applying for tax exempt status with the Internal Revenue Service (IRS), you may want to consider doing it on-line. ...

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