TAXATION


IRS Revises EIN Application Process
 

IRS Revises EIN Application Process

Posted: March 27, 2019
Starting May 13, only individuals with tax identification numbers may request an Employer Identification Number (EIN) from the IRS as the “responsible party” on the application.



Highlights of Opportunity Zone Tax Benefits
 

Highlights of Opportunity Zone Tax Benefits

Posted: March 20, 2019
The Tax Cuts and Jobs Act generally allows a deferral of capital gains that are reinvested in certain designated areas called Opportunity Zones. Learn what you need to know to qualify for this tax benefit.

Talking to Clients About Tax Extensions
 

Talking to Clients About Tax Extensions

Posted: March 19, 2019
Because of tax reform, more people than usual may face tax extensions this year. That means that CPAs will likely be talking to clients who have had little or no exposure to these kinds of filings.


IRS Issues Proposed FDII and GILTI Deduction Regulations
 

IRS Issues Proposed FDII and GILTI Deduction Regulations

Posted: March 5, 2019
The IRS has issued proposed regulations under section 250 of the Internal Revenue Code, which offers domestic corporations deductions for foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI).

Court Upholds IRS PTIN Fees
 

Court Upholds IRS PTIN Fees

Posted: March 4, 2019
The IRS has authority to charge a user fee for preparer taxpayer identification numbers a federal appeals court held on March 1, paving the way for the agency to reinstate the charges for obtaining and renewing a PTIN.


The Federal Taxation Interest Group provides an open forum to discuss and educate members on Federal taxation issues, both domestic and international. 

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