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    Month: September 2019

    Late Corrected 1099s and K-1s

    Due to the recent major changes to the tax law, there have been more instances of issuers sending corrected versions of Forms 1099 and Schedules K-1 for the 2018 tax year, sometimes long after the original versions were issued. As practitioners enter the final stretch of preparing 2018 tax returns that are on extension, they should ask clients who are on extension if they have received any such ...

    Automatic 2210 Relief

    The IRS recently announced automatic relief for taxpayers who qualified for the retroactive expansion to the exception for the penalty for underpayment of estimated taxes for the 2018 tax year.  Taxpayers who filed their 2018 returns before the IRS expanded the exception to the penalty and who otherwise would have qualified for the exception will automatically receive a refund of the penalty th...