FICPA Podcasts

Federal Tax Update: Congress Enacts the Taxpayer First Act of 2019

July 8, 2019

https://vimeo.com/346614261

https://www.currentfederaltaxdevelopments.com/podcasts/2019/7/6/2019-07-08-congress-enacts-the-taxpayer-first-act

Update for the week of July 8, 2019. This week we look at:

  • The Taxpayer First Act of 2019, signed into law on July 1, 2019
  • The Supreme Court decides one trust due process case is enough for a single term
  • IRS proposed a change in MEP to allow a solution to the one bad apple problem
  • IRS goes back to issuing guidance via website FAQs, this time for QOFs
  • Employers will be able to truncate SSNs on W-2s given to employees--but not right away
  • IRS finalizes regulations barring partnerships from using disregarded entities to put partners on the payroll