Social Security wage base and per-diem travel rates likely to rise
Around this time of year, key inflation-adjusted amounts are set for the coming year. For some of these amounts, there are “hints” at what final numbers may look like. Such is the case for...

Treasury delays controversial regulation on corporate interest deduction
The IRS has announced that it will amend the so-called controversial "documentation regulations" so they apply only to interests issued or deemed issued on or after January 1, 2019. Such delay also gi...

Complaints grow: IRS allowable living standards not realistic
In a recent post on the Taxpayer Advocate Service (TAS) site, National Taxpayer Advocate Nina Olson made the case that the IRS’s standards for assessing a taxpayer’s ability to pay an outs...

New IRS CI Chief describes enforcement priorities
The new chief of IRS Criminal Investigations (CI), Don Fort, has announced some enforcement priorities for his team. CI will organize a new nationally coordinated investigations unit, which will focus...

MyRA program to end because of low demand
The myRA savings program will be discontinued, the Treasury Department has announced. Treasury attributed the end of the program to low demand.Treasury launched myRA as nationwide in 2015. Account hol...

MI - Prepaid fuel rates announced
The Michigan Department of Treasury has announced that for the period of October 1, 2017 through October 31, 2017, the prepaid sales tax rate on gasoline will increase from 12.0 cents per gallon to 12...