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
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Materials related to this week’s broadcast can be downloaded below.