Tax forms

Companies will commission a cost segregation study, but its analysis never gets implemented on the tax return.

The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, exchanged or acquired cryptocurrencies such as Bitcoin or Ethereum.

Greatland Corporation, a Michigan-based specialist in wage and income reporting solutions for W-2, 1099 and 1095 forms, has acquired New Jersey-based JAT Software Inc.

The service is looking for comments on the proposed forms within 30 days.

The Treasury Department and the Internal Revenue Service have released on Friday a redesigned Form W-4 for tax year 2020, making a number of changes to earlier draft versions of the form after hearing complaints from tax professionals.

The IRS is looking for Form 2290 from heavy-vehicle users.

The Internal Revenue Service has resurrected an information return that hasn’t been used since the early 1980s.

The Internal Revenue Service has issued a revenue procedure giving some partnerships extra time to file a Form 1065 and the accompanying Schedule K-1.

The Internal Revenue Service has posted a draft version of a new tax return for senior citizens, as well as a new draft version of the Form 1040 for 2019 that taxpayers and practitioners will be filing next year.

Substantial changes in the regulations for the new global intangible low-taxed income could mean that many more amended K-1 schedules will be necessary for tax practitioners this year.

The Internal Revenue Service is allowing employers to truncate taxpayer identification numbers to protect employees from identity theft.

The draft form will prove ‘exceptionally burdensome,’ says Roger Harris.

A special early draft of the IRS publication on federal income tax withholding gives employers an advance look at the changes in the new Form W-4.

A recent court decision on FBAR penalties could impact the tax reporting of the newest member of the British royal family.

The Schedule D instructions had the older, higher tax rates for investors that were changed by the 2017 tax law.

Certain tax-exempt organizations must file 990-series returns by Wednesday, May 15, the deadline for organizations operating on a calendar year.

Brokerage firms are sending tax statements to clients and the IRS with information that differs from the taxes investors ultimately owe, leading some filers to appear to owe tax on profits they never made.

Starting May 13, only individuals who already have a SSN or ITIN will be able to request an Employer Identification Number.

Proposed regulations spell out the requirements under the Tax Cuts and Jobs Act, including some new forms.

Lost amid the confusion of the federal government shutdown this year was a new set of penalties the IRS began to issue as part of the agency’s ongoing enforcement of the Affordable Care Act.