IRS Issues Guidance on Cooperatives
The Internal Revenue Service and the Treasury Department have issued their legal guidance on certain deductions to cooperatives and their patrons.…
IRS to Issue Guidance on State, Local Tax Deductions
The IRS says it will be issuing regulations in the near future aimed at clarifying just how state and local tax payments can be deducted for federal income tax purposes.The issue goes back to late…
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IRS Notices and Guidance 0214 - Notice 2015-09 and Revenue Procedure 2015-17
The IRS recently released information pertaining to premium tax credits and nonprofit health insurance users.Notice 2015-09 provides limited relief for taxpayers who have a balance due on their 2014…
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