The 2016 Statistics of Income Report for 2016 was released by the IRS on August 31.
On March 13, the IRS announced that it will close the Offshore Voluntary Disclosure Program (OVDP), effective September 28, 2018. In the announcement, the IRS encouraged taxpayers who need to disclose noncompliant and unreported foreign accounts and assets to come forward before the September deadline.
Following up on IR 2018-178 that it issued on September 5 regarding businesses making payments to charitable or government entities in exchange for state or local tax (SALT) credits, IRS has posted an FAQ to its website on the subject. And, Treasury Secretary Stephen Mnuchin has also issued a statement on the subject.