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.

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.