IRS Issues Draft of Revised Form W-4 for 2020 (JofA) - The new draft form, which has been extensively redesigned, is intended to simplify the calculation of income tax withholding after the changes made by the law known as the Tax Cuts and Jobs Act.
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Lesson From The Tax Court: Another Pyrrhic CDP Win (TaxProf Blog) - Ms. Romano-Murphy ran a nurse staffing company in California. It ran into financial difficulties in the mid-2000âs. As part of its audit of the companyâs 941âs, the IRS opened a TFRP investigation. In July 2006 the RO sent Ms. Romano-Murphy the Letter penalty against her of about $350,000.