December 13, 2020 U.S. Tax This Week for December 11 Ernst & Young's U.S. Tax This Week newsletter for the week ending December 11 is now available. Prepared by Ernst & Young's National Tax Department in Washington, D.C., this weekly update summarizes important news, cases, and other developments in U.S. taxation.
————————————————————————— Accounting for income taxes: A quarterly perspective (December 15) 2020 Forms 1099 and 1042-S: What filers need to know to properly file their 2020 information returns (December 16) Tax in the time of COVID-19 (December 18) ————————————————————————— Internal Revenue Service — Dec 09: IRS finalizes qualified transportation fringe benefit regulations (Tax Alert 2020-2828) — Dec 09: IRS announces letters sent to certain taxpayers involved in Qualified Opportunity Funds (Tax Alert 2020-2826) — Dec 09: New IRS guidance addresses SECURE Act changes increasing automatic enrollment cap percentage and easing burdens on some safe harbor plans (Tax Alert 2020-2825) — Dec 09: IRS issues proposed rules on 'special enforcement matters' under centralized partnership audit regime (Tax Alert 2020-2822) — Dec 07: IRS issues final regulations on extended rollover period for qualified plan loan offsets (Tax Alert 2020-2813) International — Dec 10: PE Watch: Latest developments and trends, December 2020 (Tax Alert 2020-2836) — Dec 10: Saudi Arabia introduces e-invoicing (Tax Alert 2020-2834) — Dec 10: Kenya's High Court rules that retrospective application of a tax law is not unconstitutional but must be practical and reasonable (Tax Alert 2020-2833) — Dec 10: Polish Ministry of Finance announces planned deferral to 30 June 2021 of certain provisions of new withholding tax reform (Tax Alert 2020-2832) — Dec 10: Canada's Fall Economic Statement reintroduces stock option proposals (Tax Alert 2020-2830) — Dec 10: Preview of Canada's revised T1134 form provided (Tax Alert 2020-2829) — Dec 09: Mexico postpones legislative action on outsourcing bill to 2021 (Tax Alert 2020-2824) — Dec 08: EY Canada's Tax Matters @ EY for December 2020 (Tax Alert 2020-2821) — Dec 07: Indonesia updates tax holiday incentive and provides guidance for 300% R&D super deduction (Tax Alert 2020-2819) — Dec 07: Indonesia enacts Job Creation Law (Tax Alert 2020-2816) — Dec 07: EU Finance Ministers consider tax priorities and expansion of DAC obligations (Tax Alert 2020-2815) — Dec 07: Kenyan Government issues public notice on expected resumption of pre-COVID tax rates (Tax Alert 2020-2814) — Dec 04: Italy publishes ministerial guidance on Mandatory Disclosure Rules (Tax Alert 2020-2808) — Dec 04: Australia introduces instant asset write-off alternative $5b turnover test and opt out rule (Tax Alert 2020-2807) Legislation — Dec 09: What to expect in Washington (December 9) (Tax Alert 2020-2823) — Dec 07: Chairman Grassley urges Senate Finance and Judiciary Committees to support making statutory community benefit requirements for tax-exempt hospitals more explicit (Tax Alert 2020-2817) States — Dec 10: 2021 state disability and paid family and medical leave insurance wage base and rates (Tax Alert 2020-2831) — Dec 09: Kansas issues FAQs on income tax and income tax withholding that are applicable during the COVID-19 emergency (Tax Alert 2020-2827) — Dec 08: Illinois ballot measure to replace the current flat personal income tax with a graduated income tax is defeated by voters (Tax Alert 2020-2820) ————————————————————————— ITS/Washington Dispatch Treasury and IRS news
Transfer Pricing news
OECD Developments
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Corrections
Notices
Internal Revenue Bulletin
Because the matters covered herein are complicated, U.S. Tax This Week should not be regarded as offering a complete explanation and should not be used for making decisions. Any decision concerning matters covered herein should be reviewed with a qualified tax advisor. | ||||||||||||||||
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