Final 2018 ASATS class
The last of SACEA’s 2018 Advanced Stand-Alone Tax Seminars (ASATS) is scheduled for Oct. 23. Check out the ASATS page for all the details.
Renew your PTIN
PTIN renewal season has opened. To file returns for clients next year, you need to renew your PTIN by Dec. 31.
The good news — there is no charge to renew your PTIN for 2019. So, there’s no reason to put it off. Go to www.IRS.gov/ptin or rpr.irs.gov.
That’s also where you can check your Continuing Education credits.
The new 1040 form
IRS has released a draft version of its new 1040 form. Not quite a postcard, the controversial layout shrinks the 1040 to two half-sheet pages but adds six new schedules for information that used to be on the 1040 form. Curious? Take a peek here.
Business meals guidance
The IRS has issued guidance about deducting business meals in Notice 2018-76. The agency also has set up a webpage of resources about the Tax Cuts & Jobs Act (TCJA).
IRS issues §199A guidance
If the IRS FAQ on 20% Deduction for Qualified Business Income isn’t detailed enough, check out the 184-page Section 199A guidance recently issued by IRS.