MORE HEADLINES
IRS Touts 91% Conviction Rate for Its 2019 Tax Crime Cases (Bloomberg) - The annual report of the IRSâs criminal investigations, released on Thursday, come as the agency is putting a heavy emphasis on enforcement and highlighting its image as a serious law enforcement agency as criminals have found new methods and technologies to evade tax laws.
Final 199A Safe Harbor for Rental Real Estate Changes Little (ISU) -On September 24, 2019, IRS issued Rev. Proc. 2019-38, the final safe harbor under which a rental real estate enterprise will be treated as a trade or business for purposes of IRC § 199A. This revenue procedure finalizes rules proposed by the IRS on January 18, 2019, in Notice 2019-07... Below is a summary of the final revenue procedure.