Treasury Publishes IRS Lapsed Appropriations Contingency Plan: The Treasury Department made the for Fiscal Year 2019 available on its website. The plan describes actions and activities for the first five (5) business days following a lapse in appropriations.
Malta, Singapore Ratify BEPS Tax Treaty Convention: The OECD announced that Malta and Singapore have deposited their instruments of ratification for Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting. As a result, the convention will enter into force with respect to Malta and Singapore on January 4, 2019.
Tax Statistics Updated for 2018: The 2018 update of Publication 6149 is now available on the IRS Statistics of Income (SOI) Division’s Tax Stats web page. This annual publication contains multi-year calendar-year projections of the number of tax returns to be filed with the IRS by state—as determined by the addresses on the tax returns. The publication includes detailed projections by individual, business, and tax-exempt return types such as Form 1040, Form 1120, Form 941, and Form 990.
Miscellaneous Guidance Released: Notice 2019-05 expands the list of hardship exemptions from the individual shared responsibility payment under the Affordable Care Act that a taxpayer may claim on a federal income tax return for the 2018 tax year without obtaining a hardship exemption certification from the relevant health insurance marketplace.