The Sixth Annual Accounting Firm Operations and Technology Survey has opened. The Survey, whose results will be released in eBook in May, will be open through February and is designed to be completed by practicing accounting, tax and bookkeeping professionals.

Final regulations and related guidance have been to implement the qualified business income deduction (section 199A deduction). Released by the Treasury Department and the Internal Revenue Service issued the deduction is available for tax years beginning after Dec. 31, 2017.

The Internal Revenue Service is waiving the penalty for many taxpayers whose withholding and estimated tax payments fell short of what they owed for 2018. The IRS said there is no penalty for those who paid at least 85 percent of their tax liability for the year, down from the previous 90 percent threshold.