Issue Number: 2019-32
Inside This Issue
Help for Victims of Hurricane Dorian
Sept. 19 Webinar: Tax Withholding Estimator
New Procedures for Certain Expatriates to Comply With
U.S. Tax and Filing Obligations
Proposed Regulations on Reporting Requirements for
Certain Tax-Exempt Organizations
1. Help for Victims of Hurricane Dorian
IRS is providing tax
relief to those affected by Hurricane Dorian. Visit the Hurricane Dorian page
for the latest updates, videos and resources for clients who are victims of
2. Sept. 19 Webinar: Tax Withholding Estimator
The IRS will present
a webinar, Tax Withholding Estimator,
at 2 p.m. ET on Sept. 19. This 120-minute webinar will illustrate the
improved features and design of the new IRS Withholding Estimator and teach
tax professionals how to use it. Tax pros can earn two continuing education
credits by participating.
To view previous
archived webinars, visit www.irsvideos.gov.
3. New Procedures for Certain Expatriates to Comply
With U.S. Tax and Filing Obligations
The IRS today announced new procedures
enabling certain individuals who relinquished their U.S. citizenship to
come into compliance with their U.S. tax and filing obligations and receive
relief for back taxes. The Relief Procedures for Certain Former Citizens apply
only to individuals who have not filed U.S. tax returns as U.S. citizens or
residents, owe a limited amount of back taxes to the United States and have
net assets of less than $2 million. The IRS offers these procedures without
a specific termination date and will announce a closing date prior to
ending the procedures. Individuals who relinquished their U.S. citizenship
any time after March 18, 2010, are eligible so long as they satisfy the
other criteria of the procedures.
4. Proposed Regulations on Reporting Requirements
for Certain Tax-Exempt Organizations
The IRS issued proposed regulations this
week clarifying the reporting requirements generally applicable
to tax-exempt organizations. The proposed regulations
reflect statutory amendments and certain grants of reporting relief
announced by the Treasury Department and the IRS in prior guidance to help
tax-exempt organizations generally find the reporting requirements in one
For details on submitting comments, see the proposed regulations.
The regulations propose to allow tax-exempt organizations to elect to apply
the regulations to returns filed after Sept. 6, 2019.
IRS issued Notice 2019-47
providing penalty relief for certain exempt organizations that, consistent
with the 2018 guidance from the IRS, do not report the names and addresses
of contributors on annual returns for tax years ending on or after December
31, 2018, but on or before July 30, 2019.
5. Technical Guidance
Notice 2019-50 provides
the amount of the Affordable Care Act Section 9010 health insurance
providers fee in the 2020 fee year.
Revenue Procedure 2019-37
provides the procedure by which a taxpayer may obtain the automatic consent
of the Commissioner of Internal Revenue under section 446 and section
1.446-1(e) of the Income Tax Regulations to change a method of accounting
to comply with section 451 and the proposed regulations under sections
1.451-3 and 1.451-8.