Kutchins, Robbins & Diamond, Ltd. Certified Public Accountants and Advisors

Archive for the ‘Tax Planning’ Category

IRS News: CP59 Notices

Earlier this month, the IRS issued notices to about 260,000 taxpayers, stating they haven’t filed their 2019 federal tax return. The IRS refers to these notices as CP59 notices. They are issued yearly to taxpayers who haven’t filed their tax returns from the prior calendar year (Tax Year 2019).

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New Podcast: Preparing a Business for Sale

If you plan on selling your business, this podcast is for you.

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Exclusion of Exempt Organization Employees from Retirement Plans

The IRS has finalized proposed regulations, with modifications, permitting the exclusion of employees of Code Sec. 501(c)(3) exempt organizations and governmental entities for purposes of testing whether a 401(k) or 401(m) retirement plan satisfies the minimum coverage requirements.

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Extended Consolidated Appropriations Act Benefits for Individual Taxpayers
IRS News: CP59 Notices
New Podcast: Preparing a Business for Sale

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