Current Federal Tax Developments

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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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2019-07-08 Congress Enacts the Taxpayer First Act of 2019 Ed Zollars, CPA (Kaplan Financial Education)

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