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September 6, 2019

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Issue Number:  2019-32

Inside This Issue

1.        Help for Victims of Hurricane Dorian

2.        Sept. 19 Webinar: Tax Withholding Estimator

3.        New Procedures for Certain Expatriates to Comply With
U.S. Tax and Filing Obligations

4.        Proposed Regulations on Reporting Requirements for Certain Tax-Exempt Organizations

5.        Technical Guidance


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 Hurricane Dorian.


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 place.

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.

Additionally, the 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.