ABITOS TAX

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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.

ABITOS TAX – August 16, 2019

A second draft of the 2020 Form W-4 is now available.

The IRS expects no substantive changes when the form’s final version is published. The new form doesn’t change the computation...

Other Tax News

Does your business provide company cars to owners and key employees?

Attention, businesses: The U.S. General Services Administration has posted the domestic per diem rate table for fiscal year 2019 on its website.

A taxpayer loses on several fronts.

Owe back taxes? You may not be able to get a passport.

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.

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.

Stay in Touch

AbitOs Newsletters

ABITOS TAX

Stay Up-to-date

ABITOS TAX – August 16, 2019

A second draft of the 2020 Form W-4 is now available.

Other Tax News

Does your business provide company cars to owners and key employees?

Attention, businesses: The U.S. General Services Administration has posted the domestic per diem rate table for fiscal year 2019 on its website.

A taxpayer loses on several fronts.

Owe back taxes? You may not be able to get a passport.

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.

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.

Stay in Touch

AbitOs Newsletters

Selling a Property? Here’s What You Need to Know About FIRPTA

District court: FBAR non-willful penalty applies per report, not per account

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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305-774-2945