President Donald Trump signed an executive order directing the Treasury Department to review “significant” regulations that were issued in 2016 and 2017 to determine if the regulations cost too much, are too complex, or exceed the IRS’s statutory authority.
Cryptocurrency has gone mostly unregulated, but Coinbase could be just the first of many IRS targets.
Can the IRS challenge the calculation of the prior-period carryover amount and, in effect, reopen a closed return?
The IRS alerted tax practitioners that it plans to publish their registration information online.
This item discusses several popular tax credits and incentives and their potential future in light of tax reform proposals.
This item explores the risks for certain delinquent or substantially incomplete international information returns.
A credit made by the IRS to a taxpayer’s account, which stemmed from its misapplication of a payment for the taxpayer’s mother in an earlier year, was not an erroneous refund.
A taxpayer whose lawyer used print-at-home postage when mailing several Tax Court petitions timely filed those petitions, the Seventh Circuit held.
The appropriate situations for using rescission use are really very limited.
The IRS reported several large drops in its enforcement activities in fiscal year 2016, including a 16% drop in audits, a 40% drop in levies, and a 9% drop in liens compared to the prior year.
Nonresident filers can now file their 2016 Form 1040NR electronically.
The IRS Office of Professional Responsibility has no authority or jurisdiction over a disbarred attorney/tax preparer or his tax preparation practice and cannot regulate his provision of tax advice a federal district court in Nevada has held.
The IRS has formally established the Small Business/Self Employed Fast Track Settlement program (SB/SE FTS), formerly a pilot program, and modified the rules for the program.
An insurance broker who issued a Form 1099 to a payee who never cashed the check for the payment reported on the 1099 did not commit tax fraud, the Seventh Circuit held, reversing a decision by an Illinois federal district court.
The IRS announced that it would grant “eligible taxpayers” who are affected by this week’s winter storm on the East Coast extra time to file their requests for filing extensions.
The IRS announced that has taken down its tool for retrieving tax return data used to complete the Free Application for Federal Student Aid.
Meal and entertainment expenses are deductible only if they satisfy strict requirements.
New law allows certain small businesses to use HRAs without incurring penalties under the PPACA.
The IRS issued a notice that provides guidance on the de minimis safe harbor from information reporting penalties and the payee election not to have the safe harbor apply.
Taxpayers should be aware of the IRS’s ability to affirmatively raise the duty of consistency to bind taxpayers to positions previously taken.