I greatly appreciate and recommend the following publications and websites that are used as background material and theoretical foundation for this site.
I urge the visitors to these websites and add these publications to their professional library.
“Checkpoint”-Research and guidance solutions that provide fast, accurate, and trusted answers for professionals – Thomson Reuters
IRS Interactive Tax Assistant (ITA)
The American Institute of Certified Public Accountants, 1211 Avenue of the Americas, New York, NY.
U.S. Tax Reporter: Estate and Gift-Federal Taxes Weekly Alert 2020 Thomson
Electronic Code of Federal Regulations Internal Revenue Service, United States Department of the Treasury; U.S. Government Printing Office Publications and Pronouncements.
2019-2020 Federal Tax Update Vern Hoven Tax Seminars, Western CPE
Treasury Department Circular No. 230 (Rev. 4-2013); Regulations Governing the Practice of Attorneys, Certified Public Accountants, Enrolled Agents, Enrolled Actuaries, Enrolled Retirement Plan Agents, and Appraisers before the Internal Revenue Service.
AICPA’s 1040 Tax Return Workshop by Sid Kess by Wendy Kravit, CPA, MBA.
CHECKPOINT® NEWSSTAND/PPC WG&L EBIA Tax & Accounting – Thomson Reuters
IRS Federal Tax Update Topics Individual, Business, Real Estate & Corporate
IR-2020-122, June 17, 2020 — The Internal Revenue Service has advised that new rules under the CARES Act provide flexibility for health care spending that may be helpful in the current environment where more people may need at-home services due to measures to fight the coronavirus.
IR-2020-121, June 16, 2020 — The Internal Revenue Service today alerted nursing home and other care facilities that Economic Impact Payments (EIPs) generally belong to the recipients, not the organizations providing the care.
IR-2020-120, June 12, 2020 — The Treasury Department and the Internal Revenue Service today provided tax relief for certain taxpayers affected by the COVID-19 pandemic involved in new markets tax credit transactions.
IR-2020-119, June 11, 2020 — The Internal Revenue Service today provided guidance for employers whose employees forgo sick, vacation or personal leave because of the COVID-19 pandemic.
IR-2020-118, June 11, 2020 — As the July 15 tax-filing deadline ? postponed from April 15 ? draws near, the IRS is reminding all taxpayers who have yet to file their 2019 federal tax return to file electronically now, choose direct deposit for their refund, or pay any tax owed electronically.
IR-2020-117, June 9, 2020 — The Internal Revenue Service reminds taxpayers that estimated tax payments for tax year 2020, originally due April 15 and June 15, are now due July 15.
IR-2020-116, June 8, 2020 — The Internal Revenue Service today released proposed regulations addressing the treatment of certain medical care arrangements under section 213 of the Internal Revenue Code.
IR-2020-115, June 8, 2020 — The Internal Revenue Service today reminded taxpayers to guard against tax fraud and other related financial scams related to COVID-19.
IR-2020-114, June 4, 2020 — The IRS today provided guidance for Qualified Opportunity Funds (QOFs) and their investors in response to the ongoing Coronavirus Disease 2019 (COVID-19) pandemic.
IR-2020-113, June 4, 2020 — The Internal Revenue Service today announced that interest rates will decrease for the calendar quarter beginning July 1, 2020.
IR-2020-112, June 4, 2020 — The Internal Revenue Service Office of Chief Counsel is expanding its Virtual Settlement Days program after the tremendous success achieved by three offices that took Settlement Days events virtual in May 2020.
IR-2020-111, June 3, 2020 — With 159 million Economic Impact Payments processed, the Internal Revenue Service reminds many low-income Americans who do not usually file tax returns to register for a payment by October 15.
IR-2020-94, May 12, 2020 — The Internal Revenue Service today issued proposed regulations under the Tax Cuts and Jobs Act (TCJA) that provide guidance to taxpayers and governments with respect to fines, penalties, and certain other amounts.
IR-2020-90, May 7, 2020 — The Internal Revenue Service today issued proposed regulations that provide guidance for estates and trusts clarifying that certain deductions of estates and non-grantor trusts are not miscellaneous itemized deductions.
IR-2020-78, April 23, 2020 — The Treasury Department and the IRS today issued proposed regulations under the Tax Cuts and Jobs Act that provide guidance for tax-exempt organizations that are subject to the unrelated business income tax with more than one unrelated trade or business on how to calculate their unrelated business taxable income (UBTI).
IR-2020-53, March 10, 2020 — The IRS is encouraging taxpayers to take control of the size of their refund using the Tax Withholding Estimator on IRS.gov.
IR-2020-39, February 24, 2020 — The Internal Revenue Service issued proposed regulations on the business expense deduction for meals and entertainment following changes made by the Tax Cuts and Jobs Act (TCJA).
IR-2020-38, February 21, 2020 — The Treasury Department and IRS today issued Revenue Procedure 2020-13 providing procedures for farmers who have elected out of certain capitalization rules and want to apply the small business taxpayer exemption in the same taxable year.
IR-2020-28, February 11, 2020 — The U.S. Department of the Treasury and the IRS today issued proposed regulations updating the federal income tax withholding rules to reflect changes made by the Tax Cuts and Jobs Act (TCJA) and other legislation.
IR-2020-09, January 14, 2020 — The Internal Revenue Service has launched a new and improved Tax Withholding Estimator, designed to help workers target the refund they want by having the right amount of federal income tax taken out of their pay.
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If legal advice or other expert assistance is required, the services of a competent tax advisor should be sought.