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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.