IRS news.

Partners' Self-employment Tax

Final Regs. Sec. 301.7701-2 (T.D. 9869) provides that partners in a partnership that owns a disregarded entity (DE) are not the DE's employees for employment tax purposes. Instead, they are subject to self-employment tax.

--Stuart R. Josephs, CPA

Millions More ITINs to Expire in 2019

Nearly 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019 as the IRS continues to urge affected taxpayers to submit their renewal applications early to avoid refund delays next year.

Under the Protecting Americans from Tax Hikes Act, ITINs that have not been...