This is the table of contents of Internal Revenue Bulletin IRB 2019-51. Click on an entry to view the entry. Items shown under "Highlights of This Issue" open summaries of each IRB-referenced document only. Scroll to Parts I, II, etc. to view the full text versions of each IRB-referenced document. Use the "Keyword Search" option of TouchTax to search the full text of all Internal Revenue Bulletins, including this IRB.
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Rev. Proc. 2019-48 modifies Rev. Proc. 2011-47 to reflect certain changes enacted by the TCJA, most notably, the temporary suspension of the miscellaneous itemized deduction. Unreimbursed employee travel expenses that are miscellaneous itemized deductions are not permitted during taxable years when the miscellaneous itemized deduction is suspended. Rev. Proc. 2019-48 provides optional rules for deemed substantiation of the amount of certain business expenses of traveling away from home reimbursed to an employee or deductible by certain specified employees or self-employed individuals.
26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability.
(Also: Part I, §§ 62, 67, 162, 267, 274; 1.62-2, 1.162-17, 1.267(a)-1, 1.274-5, 1.274-5T.)
Section 995 - Taxation of DISC Income to Shareholders 2019 Base Period T-Bill Rate. The “base period T-bill rate” for the period ending September 30, 2019, is published as required by section 995(f) of the Internal Revenue Code.
2019 Base Period T-Bill Rate. The “base period T-bill rate” for the period ending September 30, 2019, is published as required by section 995(f) of the Internal Revenue Code.
This notice extends the due dates for certain 2019 information reporting requirements for insurers, self-insuring employers, and certain other providers of minimum essential coverage under section 6055 and for applicable large employers under section 6056. Specifically, this notice extends the due date for furnishing to individuals the 2019 Form 1095-B, Health Coverage, and the 2019 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from January 31, 2020, to March 2, 2020. Additionally, this notice provides that the Service will not impose a penalty under section 6722 against reporting entities for failing to furnish a Form 1095-B to responsible individuals if two conditions are met. This notice also extends transitional good-faith relief from section 6721 and 6722 penalties to the 2019 information reporting requirements under sections 6055 and 6056.
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