Final Regulations on Foreign Tax Credits & Base Erosion and Anti-Abuse Tax by IRS
Final Regulations on Foreign Tax Credits; The Internal Revenue Service (IRS) issues final regulations and proposed regulations on new international provision, the base erosion and anti-abuse tax. The issued proposed and final regulations are a joint effort by the U.S. Treasury Department…
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Updated Guidance for Business Travelers & Their Employers in USA by IRS
The Internal Revenue Service (IRS) updates per diem guidance and regulations for business travelers as well as their employers in the United States. The amendments are made as a result of the Tax Cuts and Jobs Act (TCJA). The new…
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Making Large Gifts Now Won’t Harm the Estates After 2025 – Says Treasury, IRS
Large Gifts Now Won’t Harm IRS says; The Internal Revenue Service (IRS) and the Treasury Department confirms that the individuals can keep estate tax benefits after the year 2025 as per the tax break for large gifts in the United…
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IRS Announcement – 2020 Tax Counseling for the Elderly Grants (TCE) in USA
Tax Counseling for the Elderly Grants; The Internal Revenue Service (IRS) announces tax counseling regarding elderly grants for the year 2020 in the United States. Recently, the IRS awarded over $9.8 million in Tax Counseling for the Elderly (TCE) grants…
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Lottery Tax – How the Lottery Winnings are Taxed in United States
The life of any person can change, no doubt, in a dramatic way if he/she wins a lottery in the United States. Such a financial rainfall of dollars can change a person’s life in second with the ultimate ease to…
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IRS Reminder – Taxpayers’ Tasks To Get Ready For 2020
Taxpayers’ Tasks To Get Ready For 2020; The Internal Revenue Service (IRS) reminds all tax professionals throughout United States for reviewing their e-Services account and to get ready for 2020 by performing specific tasks. To review the e-Services account is…
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Get Ready For Taxes with Important Things to Know About Tax Credits
Important Things to Know About Tax Credits; The Internal Revenue Service (IRS) recommends each taxpayer in the United States to check their eligibility for a list of significant tax credits. Black Ink makes its clients tax ready with the quickly…
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IRS Updated Guidelines for Deductible Business, Charitable, Medical & Moving Expenses
The Internal Revenue Service (IRS) updated guidelines for taxpayers in the United States regarding deductible business, charitable, medical and moving expenses. The guidance has been updated by the IRS for the convenience of the taxpayers in USA so that they…
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IRS Raises Enforcement Actions for Syndicated Conservation Easement Transactions
The Internal Revenue Service (IRS) significantly raises enforcement action on syndicated conservation easement in the United States. According to the details, a considerable increase has been applied in the enforcement actions for syndicated conservation easement transactions which is a main…
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Women Owned Businesses in USA Get 02 Tax Credits in New Tax Bill
Women Owned Businesses in USA : The ranking Democrat on the Senate Finance Committee, Mr. Sen. Ron Wyden, D-Oregon, introduced legislation for the creation of two brand new tax incentives to facilitate help small businesses owned by women in the…
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