IRS Releases Updated 2018 Withholding Tables, Extends use of the Existing 2017 Form W-4
The Internal Revenue Service released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month.
Disregarded Entities and Revocable Trusts Can’t Opt Out of New Partnership Audits
The IRS has rejected requests to allow disregarded entities and revocable trusts to opt out of the new partnership audit regime, but indicated it may revisit the issue.