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Tax Briefing(s)

2019 Year-End Tax Planning 2019 Post-Filing Season Update 2018 Year-End Tax Planning

2019-2020 Per Diem Rates Released for Business Travel
The IRS has released the 2019-2020 special per diem rates. Taxpayers use the per diem rates to substantiate certain business expenses incurred while traveling away from home for the period October 1, ...

Social Security Wage Cap and Benefit Amounts Increase for 2020
For 2020, the Social Security wage cap will be $137,700, and social security and Supplemental Security Income (SSI) benefits will increase by 1.6 percent. These changes reflect cost-of-living adjustme...

IRS Will Not Exempt Individuals with Open TAS Cases from Passport Certification
The IRS has changed how it handles passport certifications for people with significant tax debt. Following a review of relevant considerations regarding passport certification procedures, the IRS has ...

IRS Identifies Drought-Stricken Areas for Tax Relief After Involuntary Sale of Livestock
The IRS identified drought-stricken areas where tax relief is available to taxpayers that sold or exchanged livestock because of drought. The relief extends the deadlines for taxpayers to replace the ...

New Payment Option for Taxpayers in Private Debt Collection Program
The IRS has announced a new payment option to the private debt collection program. Taxpayers can now choose a pre-authorized direct debit option to make one payment or a series of payments toward thei...

IRS Announces Nonacquiescence in Service Contracts Case
The IRS has announced that it will not acquiesce to the holding of the Tax Court in GreenTeam Materials Recovery Facility PN, 113 TCM 1540, Dec. 60,945(M) that the transfer of a noncapital asset is tr...

NJ - GILTI and FDII guidance updated
New Jersey has revised its corporation business tax Technical Bulletin TB-92 regarding allocation of:global intangible low-taxed income (GILTI) defined in IRC Sec. 951A; andforeign derived intangible ...

NY - Petition dismissed as frivolous
For New York personal income tax purposes, a taxpayer’s petition contesting a notice of deficiency was dismissed because the taxpayer’s argument was without merit. There was no genuine iss...

PA - Exceptions denied as petition for refund must be made within three-years
The Pennsylvania Commonwealth Court denied a taxpayer’s exceptions to its previous decision that dismissed the taxpayer’s request for a refund of slot machine tax because the request was n...

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