Tax News

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The AbitOs team regularly collects, analyzes, and shares domestic and international tax news that we believe could interest – and impact – our clients.

Tax News – August 14, 2019

A Treasury Inspector General for Tax Administration (TIGTA) audit criticizes the IRS for failing to improve amended tax return review procedures to reduce erroneous and fraudulent refunds.

The audit was initiated to evaluate the IRS’s efforts to detect and prevent erroneous and fraudulent claims on amended tax...

Other Tax News

More disaster victims in Missouri qualify for tax relief.

Can a taxpayer be subject to a two-year ban on claiming the earned income credit (EIC), even though she was entitled to it for two of her three children?

The IRS has launched the Tax Withholding Estimator, a new online tool that replaces the IRS Withholding Calculator.

In a Private Letter Ruling, the IRS has held that a long-term care (LTC) insurance policy with a death benefit qualified under the “long-term care insurance rule.”

A U.S. District Court ruled that an employer was liable for damages because it had sent false information about a worker’s income to the IRS.

Unusual changes to reported income may draw unwanted IRS attention.

Who can deduct car expenses on a tax return?

“Summer is a season when people have fun, yet get things done,” the IRS said in a recent “Tax Tip.”

The IRS is making headway in efforts to bring its financial management systems into compliance with the Federal Financial Management Improvement Act (FFMIA).

A company car has long been a popular fringe benefit for company owners and key employees of medium-size or small businesses.

An appeals court rules that a father with a film production business couldn’t deduct his son’s tuition for a filmmaking course.

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AbitOs Newsletters

Tax News

Stay Up-to-date

Tax News – August 14, 2019

A Treasury Inspector General for Tax Administration (TIGTA) audit criticizes the IRS for failing to improve amended tax return review procedures to reduce erroneous and fraudulent refunds.

Other Tax News

More disaster victims in Missouri qualify for tax relief.

Can a taxpayer be subject to a two-year ban on claiming the earned income credit (EIC), even though she was entitled to it for two of her three children?

The IRS has launched the Tax Withholding Estimator, a new online tool that replaces the IRS Withholding Calculator.

In a Private Letter Ruling, the IRS has held that a long-term care (LTC) insurance policy with a death benefit qualified under the “long-term care insurance rule.”

A U.S. District Court ruled that an employer was liable for damages because it had sent false information about a worker’s income to the IRS.

Unusual changes to reported income may draw unwanted IRS attention.

Who can deduct car expenses on a tax return?

“Summer is a season when people have fun, yet get things done,” the IRS said in a recent “Tax Tip.”

The IRS is making headway in efforts to bring its financial management systems into compliance with the Federal Financial Management Improvement Act (FFMIA).

A company car has long been a popular fringe benefit for company owners and key employees of medium-size or small businesses.

An appeals court rules that a father with a film production business couldn’t deduct his son’s tuition for a filmmaking course.

Stay in Touch

AbitOs Newsletters

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Have you done business in a foreign country because of COVID-19?

FATCA deadlines extended because of COVID-19

COVID-19 relief available to some nonresident aliens, foreign corporations

2020 FBAR penalties (adjusted for inflation)

Final regs: Transfers to partnerships with related foreign partners

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