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IRS launches easy-to-use tax reform webpage

October 25, 2018

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The IRS has launched an easy-to-use webpage, IRS.gov/taxreform, with information about how the Tax Cuts and Jobs Act affects your taxes, with a special section focused on tax exempt entities.

The tax reform page features three areas designed specifically for:

  • Individuals – For example, standard deduction increase, child tax credit, withholding. Use the Withholding Calculator to make sure you’re withholding enough tax from your paycheck.
  • Businesses – For example, depreciation, expenses and qualified business income deductions.
  • Tax Exempt Entities – For example, tax reform affecting retirement plans, tax-exempt organizations and governments.

Under the Tax Exempt Entities tab, you’ll find highlights of how tax reform affects retirement plans, tax-exempt organizations and tax-advantaged bonds.

Retirement plans

  • Rollovers of retirement plan loan offsets – If your plan offsets an outstanding loan balance when you leave employment, you have until the due date of your individual

IRS Tax Reform Webinars for Practitioners & Industry

October 16, 2018

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October 18th

Tax Reform Basics for Individual Taxpayers 2 p.m. Eastern Click here to Register

October 25th

Tax Reform Basics for Employers 2 p.m. Eastern Click here to Register

November 1st

Tax Reform Basics for Small Business and Pass-Through Entities 3 p.m. Eastern Click here to Register

Each session is 60-minutes, including Q & A. Closed Captioning is available for each session.

Continuing Education:

  • All participants who qualify will receive a Certificate of Completion
  • Tax Professionals will earn 1 CE Credit – Category: Federal Tax Update
  • Have enough Federal Tax Update credit? No worries…excess Federal Tax Update credit can be counted towards Federal Tax/Tax Related Matters instead.

For information on future Tax Reform Webinars visit the Upcoming Webinars page on IRS.gov.

TE/GE Fiscal Year 2019 Program Letter

October 4, 2018

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The Fiscal Year 2019 Program Letter explains TE/GE’s compliance program consisting of:

  • Compliance strategies
  • Data-driven approaches
  • Referrals, claims and other casework
  • Compliance contacts
  • Determinations
  • Voluntary compliance and other technical programs
  • The Program Letter (referred to as a Work Plan or Priority Letterin prior fiscal years) outlines TE/GE’s commitment to improving customer experience and reducing taxpayer burden, while cultivating a strong work force.

    Similar to the FY 2017 Accomplishments summary, TE/GE will release a summary of its FY 2018 accomplishments when all the data is available.

    The attorneys of Bryan Cave LLP make this site available to you only for the educational purposes of imparting general information and a general understanding of the law. This site does not offer specific legal advice. Your use of this site does not create an attorney-client relationship between you and Bryan Cave LLP or any of its attorneys. Do not use this site as a substitute for specific legal advice from a licensed attorney. Much of the information on this site is based upon preliminary discussions in the absence of definitive advice or policy statements and therefore may change as soon as more definitive advice is available. Please review our full disclaimer.