The Internal Revenue Service has issued Revenue Ruling 2021-01, which lays out the prescribed rates for various income tax purposes.… Read more about Guidance Released for Some Debt Instruments Issued for Property (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service has issued Notice 2020-86, addressing certain parts of the SECURE Act that affect safe harbor plans—including safe harbor 401(k) plans and some 403(b) plans.… Read more about New IRS Guidance Eases Burdens on Certain Safe Harbor Plans (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Final regulations have been issued on the deduction for qualified transportation fringe and commuting expense.… Read more about Final Regs Issued for Transportation, Commuting Expense; Some QOF Filers to Get Letters from IRS (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The tax-filing season will be upon us before we know it, so the Internal Revenue Service is urging taxpayers to take actions now to help ensure they can file timely and accurate returns in 2021.… Read more about What’s New, What to Consider When Filing in 2021 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

While it seems our world is on the edge of big changes for the coming year, the IRS is keeping some things status-quo for now. The Internal Revenue Service says interest rates will be the same for the calendar quarter that starts Jan. 1, 2021.… Read more about Interest Rates the Same for 2021’s First Quarter (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service is giving employers a friendly nudge to remind them that their Forms W-2 and other wage statements have to be filed by Feb. 1, 2021, to avoid penalties.… Read more about 2021 Deadline for W-2s Closer Than You Think (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…