Daily Tax Update - April 18, 2014: IRS Offers Nationwide Tax Forums

IRS OFFERS NATIONWIDE TAX FORUMS:  The IRS reminded enrolled agents, certified public accountants, certified financial planners and other tax professionals to register for the 2014 IRS Nationwide Tax Forums. The IRS said that the forums “provide tax professionals with the most up-to-date information on federal and state tax issues presented by experts from the IRS and its partner organizations through a variety of training seminars and workshops.”

For more information, or to register online, visit www.irstaxforum.com.

MISCELLANEOUS GUIDANCE RELEASED:
Notice 2014-28 provides guidance regarding the treatment of United States persons that own stock of a PFIC through certain tax exempt organizations and accounts.

Notice 2014-29 provides adjusted limitations on housing expenses for tax year 2014 for purposes of section 911 of the Code.