Major tax reform was approved by Congress in the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The IRS is implementing this major tax legislation that will affect both individuals and businesses. We will provide information and guidance to taxpayers, businesses and the tax community as it becomes available. 2023 Notice 2023-08, Additional Guidance Related to Transfers of Publicly Traded Partnership Interests under Section 1446(f) PDF 2022 Notice 2022-30, Section 59A Qualified Derivative Payments Reporting Extension PDF 2021 Notice 2021-51, Applicability Date of Certain Regulations Under Sections 1446(a) and (f) PDF Notice 2021-36, Section 59A Qualified Derivative Payments Reporting Requirements PDF 2020 Notice 2020-75, Forthcoming Regulations Regarding the Deductibility of Payments by Partnerships and S Corporations for Certain State and Local Income Taxes PDF Notice 2020-69, S Corporation Guidance under Section 958 (Rules for Determining Stock Ownership) and Guidance Regarding the Treatment of Qualified Improvement Property under the Alternative Depreciation System for Purposes of the QBAI Rules for FDII and GILTI PDF Notice 2020-58, Provides temporary relief from certain requirements under § 47 of the Internal Revenue Code in response to the ongoing Coronavirus Disease 2019 (COVID-19) pandemic PDF Notice 2020-59, A notice with proposed revenue procedure regarding trades or businesses that operate certain skilled nursing facilities PDF 2019 Notice 2019-46, Domestic Partnerships and S Corporations Filing Under Proposed GILTI Regulations PDF Notice 2019-42, Amplification of Notice 2018-48 to Include Additional Puerto Rico Designated Qualified Opportunity Zones PDF Notice 2020-39, Relief for Qualified Opportunity Funds and Investors Affected by Ongoing Coronavirus Disease 2019 PDF Notice 2019-33, Request for Comments on Necessary Clarifications to Normalization Requirements for Excess Tax Reserves Resulting from the Corporate Tax Rate Decrease PDF Notice 2019-27, Methods for Calculating W-2 Wages for Purposes of Section 199A(g) PDF Notice 2019-25, Relief from Addition to Tax for Underpayment of Estimated Income Tax by an Individual PDF Notice 2019-17, Relief from Addition to Tax for Underpayment of Estimated Income Tax PDF Notice 2019-12, Guidance Providing a Safe Harbor Under Section 164 for Certain Individuals Who Make a Payment to or for the Use of an Entity Described in Section 170(c) in Return for a State or Local Tax Credit PDF Notice 2019-11, Relief from Addition to Tax for Underpayment of Estimated Income Tax by an Individual PDF Notice 2019-09, Interim Guidance Under Section 4960 PDF Notice 2019-08, Maximum Values For 2018 For Use With Vehicle Cents-Per-Mile and Fleet-Average Valuation Rules PDF Notice 2019-07, Section 199A Trade or Business Safe Harbor: Rental Real Estate PDF Notice 2019-05, Individual Shared Responsibility Payment Hardship Exemptions that May Be Claimed on a Federal Income Tax Return Without Obtaining a Hardship Exemption Certification from the Marketplace for the 2018 Tax Year PDF Notice 2019-01, Previously Taxed Earnings and Profits Accounts PDF 2018 Notice 2018-100, Relief from Additions to Tax for Underpayment of Estimated Income Tax for Tax-Exempt Organizations That Provide Certain Qualified Transportation Fringes PDF Notice 2018-99, Parking Expenses for Qualified Transportation Fringes Under § 274(a)(4) and § 512(a)(7) of the Internal Revenue Code PDF Notice 2018-97, Guidance on the Application of Section 83(i) PDF Notice 2018-92, Interim Guidance and Request for Comments on Income Tax Withholding from Wages and from Retirement and Annuity Distributions PDF Notice 2018-84, Guidance under §§ 36B, 5000A, and 6011 on the suspension of personal exemption deductions PDF Notice 2018-80, Guidance Under Section 451(b) Relating to Market Discount PDF Notice 2018-78, Additional Guidance Under Section 965 PDF Notice 2018-76, Expenses for Business Meals Under § 274 of the Internal Revenue Code PDF Notice 2018-75, Guidance under Section 132(g) for the Exclusion from Income of Qualified Moving Expense Reimbursements PDF Notice 2018-74, Safe Harbor Explanations - Eligible Rollover Distributions PDF Notice 2018-71, Employer Credit for Paid Family and Medical Leave PDF Notice 2018-70, Guidance on Qualifying Relative and the Exemption Amount PDF Notice 2018-68, Guidance on the Application of Section 162(m) PDF Notice 2018-67, Request for Comments Regarding the Calculation of Unrelated Business Taxable Income under § 512(a)(6) for Exempt Organizations with More than One Unrelated Trade or Business PDF Notice 2018-64, Methods for Calculating W-2 Wages for Purposes of Section 199A PDF Notice 2018-63, Amplification and Modification of Safe Harbor Method for Participants in the HFA Hardest Hit Fund PDF Notice 2018-62, Guidance on the Contribution Limits Applicable to ABLE Accounts PDF Notice 2018-61, Clarification Concerning the Effect of Section 67(g) on Trusts and Estates (Clarifies the effect of newly enacted section 67(g) on the deductibility of certain expenses that are incurred by estates and non-grantor trusts) PDF Notice 2018-58, Guidance on Recontributions, Rollovers and Qualified Higher Education Expenses under Section 529 PDF Notice 2018-55, Guidance on the Calculation of Net Investment Income for Purposes of the Section 4968 Excise Tax Applicable to Certain Private Colleges and Universities PDF Notice 2018-54, Guidance on Certain Payments Made in Exchange for State and Local Tax Credits PDF Notice 2018-48, Designated Qualified Opportunity Zones under Internal Revenue Code § 1400Z-2 PDF Notice 2018-43, Public Comment Invited on Recommendations for 2018-2019 Priority Guidance Plan PDF Notice 2018-42, Update of 2018 Standard Mileage Rates Notice PDF Notice 2018-41, Information Reporting for Certain Life Insurance Contract Transactions and a Modification to the Transfer for Valuable Consideration Rules PDF Notice 2018-38, 2018 Fiscal-year Blended Tax Rates for Corporations PDF Notice 2018-37, Guidance in Connection with the Repeal of Section 682 (Tax Treatment of alimony and separate maintenance payments.) PDF Notice 2018-35, Changes in accounting periods and method of accounting (Transitional guidance regarding new section 451(c), which allows accrual method taxpayers to elect a limited deferral of the inclusion of income associated with certain advance payments.) PDF Notice 2018-30, Modification of Notice 2003-65 (Effect of first year depreciation on recognized built-in gains and recognized built-in losses.) PDF Notice 2018-29, Guidance Regarding the Implementation of New Section 1446(f) for Partnership Interests That Are Not Publicly Traded (Withholding on dispositions.) PDF Notice 2018-28, Initial Guidance Under Section 163(j) as Applicable to Taxable Years Beginning After December 31, 2017 (Limitation on deduction of business interest expense.) PDF Notice 2018-26, Additional Guidance Under Section 965; Guidance Under Sections 62, 962, and 6081 in Connection With Section 965; and Penalty Relief Under Sections 6654 and 6655 in Connection with Section 965 and Repeal of Section 958(b)(4) (Treatment of deferred foreign income including relief from estimated tax penalties.) PDF Notice 2018-23, Transitional Guidance Under §§ 162(f) and 6050X with Respect to Certain Fines, Penalties, and Other Amounts (Denial of deduction for fines or penalties for violation of the law.) PDF Notice 2018-18, Guidance Under Section 1061, Partnership Interests Held in Connection with Performance of Services PDF Notice 2018-15, New Clean Renewable Energy Bonds PDF Notice 2018-14, Guidance on Withholding Rules PDF Notice 2018-13, Additional Guidance Under Section 965 and Guidance Under Sections 863 and 6038 in Connection with the Repeal of Section 958(b)(4) (Guidance regarding deferred foreign income.) PDF Notice 2018-08, Revised Timeline and Other Guidance Regarding the Implementation of New Section 1446(f) PDF Notice 2018-07, Guidance under Section 965 (Deferred Foreign Income Corporations) PDF Notice 2018-03, 2018 Standard Mileage Rates PDF Notice 1036, Early Release Copies of the 2018 Percentage Method Tables for Income Tax Withholding PDF Tax Reform Guidance Topics Regulations Treasury Decisions (TDs) Revenue Procedures Revenue Rulings Notices
