The IRS has extended the estimated tax payments deadline from April 15 and June 15, to July 15 for tax year 2020 due to the COVID-19 outbreak. Therefore, any individual or corporation that

The IRS reminded individuals who live and work abroad that they have until July 15, 2020, to file their 2019 federal income tax return and pay any tax due. The usual deadline is June 15.

Taxpayers, a married couple, were entitled to abatement of Virginia personal income tax assessments because they had successfully abandoned their Virginia domicile during the tax years at issue. In this matter, the Department

The Maryland Court of Appeals has held that the state’s statutory interest rate for personal income tax refunds issued pursuant to the Wynne ruling was not unconstitutional. (more…)

The District of Columbia has amended income tax law to: exempt certain Coronavirus Aid, Relief, and Economic Security (CARES) Act payments and other emergency grants from tax; and allowing a deduction for certain

The IRS urged taxpayers to act now to ensure the smooth processing of their 2019 federal tax return. This reminder, first in a series, was aimed to help taxpayers get ready for the

The IRS Large Business and International (LB&I) has added a new active campaign to the IRS website called "IRC 965." The campaign’s goal is to promote compliance with Code Sec. 965, Treatment of

The IRS Large Business and International Division (LB&I) and Small Business/Self-Employed Division (SBSE) have issued a joint directive to provide instructions to LB&I and SBSE examiners on the treatment of Work Opportunity Tax

The IRS has proposed updated life expectancy and distribution period tables under the required minimum distribution (RMD) rules. The proposed tables reflect the general increase in life expectancy, and would apply for distribution

The IRS has released guidance listing the specific changes in accounting method to which the automatic change procedures in Rev. Proc. 2015-13, I.R.B. 2015-5, 419, apply. This guidance updates and supersedes the current