Weekly IRS Roundup April 22 – 26, 2019

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Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 22–26, 2019.

April 22, 2019: In an effort to reduce paperwork and respondent burden the IRS requested public comments on forms, reporting and recordkeeping requirements under numerous code provisions.

April 24, 2019: The IRS issued corrections to T.D. 9851 providing guidance on the income test used to determine whether a corporation may qualify as a regulated investment company (RIC).

April 24, 2019: The IRS issued Notice 2019-30 an annual notice, requesting recommendations for items that should be included in the 2019–2020 Priority Guidance Plan.

April 25, 2019: The IRS issued a news release seeking applications for the Electronic Tax Administration Advisory Committee (ETAAC). The ETAAC serves as a public forum for discussion of issues related to electronic tax administration.

April 25, 2019: IRS chief counsel Michael Desmond announced the appointment of Peter Blessing to the position of Associate Chief Counsel, International, Office of Chief Counsel.

April 26, 2019: The IRS issued a news release alerting taxpayers to the ability to perform a Paycheck Checkup using the IRS Withholding Calculator. The IRS particularly encouraged taxpayers to check their withholding in light of the many changes brought about by the Tax Cuts and Jobs Act (TCJA).

Special thanks to Terence McAllister in our New York office for this week’s roundup.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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