Federal Tax Weekly: January 14, 2016

This issue’s topics include:

  • IRS Nixes Proposed Regs On Optional Reporting By Charitable Organizations
  • IRS Clarifies Treatment Of Retroactive Increase In Excludable Transit Benefits For FICA Taxes And W-2 Reporting
  • Tax Court Reversal: Taxpayers Can Claim Losses By Mark-to-Marking Currency Options Under Code Sec. 1256
  • Chief Counsel Will Assert Penalties Based On Disallowed Refundable Credits, Following Change In PATH Act
  • IRS Provides Some Penalty Relief To Education Institutions For Missing TINs


Click Here to Download

As always, we hope you enjoy this edition of our newsletter and we look forward to receiving your feedback. Should you have any questions regarding the information contained in the attached materials or our service offerings, please feel free to contact us directly.

Rochester-based Insero & Co. CPAs is one of the largest accounting and business advisory practices in New York State, with five locations and more than 125 employees. A full-service public accounting firm, Insero provides attest, tax, and consulting services to corporations, individuals, government agencies, colleges and universities, not-for-profit organizations and businesses ranging from privately held family businesses to multi-national corporations. These clients represent many industries, including service, manufacturing, distribution, high-tech, telecommunications, education, social services, and real estate. For more information, visit www.inserocpa.com.

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