Daily Tax Update - March 21, 2014: Winter 2014 Statistics of Income Bulletin Available

WINTER 2014 STATISTICS OF INCOME BULLETIN AVAILABLE: The IRS has released the winter 2014 issue of the Statistics of Income Bulletin, which features preliminary data for individual income tax returns filed for Tax Year 2012.

MISCELLANEOUS GUIDANCE RELEASED:
Notice 2014-18 solicits public comments on recommendations for items that should be included on the 2014-2015 Guidance Priority List.

Announcement 2014-15 provides transition relief for owners of Individual Retirement Accounts and Individual Retirement Annuities (collectively, “IRAs”) relating to the application of the one-rollover-per-year limitation of § 408(d)(3)(B) of the Internal Revenue Code.