The IRS opened its annual to-do list for drafting regulations and other formal guidance to public suggestions of priority tax issues.
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TOPICS
IRS Practice & Procedure
IRS proposes to amend estate and gift tax basic exclusion regs.
Exceptions to the special rule allowing the temporarily higher basic exclusion amount to apply to gifts credited against estate tax.
Supreme Court holds Tax Court not bound by petition filing deadline
The 30-day limit under Sec. 6330(d) for petitioning the Tax Court to review an IRS determination is nonjurisdictional and can be equitably tolled, the Court holds in the case of a taxpayer whose petition was one day late.
IRS funding, technology assessed in House hearing
IRS Commissioner Charles Rettig and National Taxpayer Advocate Erin Collins testify to the House Oversight and Reform Committee.
Treasury equity action plan reports progress
The tax implications of the Biden administration’s policy of advancing racial equity and support for underserved communities across the government are outlined.
Superfund taxpayers granted failure-to-deposit penalty relief
The IRS also assures payers of the reinstituted excise taxes that they will not lose a deposit safe harbor in early 2023.
Acute IRS challenges had chronic origins, GAO reports
The US Government Accountability Office draws lessons for the IRS in handling taxpayer return errors, processing those returns more timely and serving taxpayers’ needs.
NTA calls for more time to contest denial of refund or credit claim
National Taxpayer Advocate Erin Collins recommended a temporary postponement of the two-year time limit for taxpayers to file a lawsuit.
IRS commissioner to senators: ‘Our efforts are working’
Charles Rettig briefs members of the Senate Finance Committee on tax filing season and the road ahead.
IRS eases application process for US residency certification
New procedures will facilitate residency certification where the Internal Revenue Service has not yet processed the applicant’s tax return.
Accountant’s errors are not reasonable cause for late filing
An accountant’s failure to timely e-file an extension and reliance on his erroneous advice regarding late-filing penalties were not reasonable cause for the late filing of taxpayers’ tax return.
IRS Wealth Squad
The IRS Wealth Squad’s audits are increasingly focused on highnet- worth nonfilers.
IRS to permit reliance on frequently asked questions
The IRS announced changes that allow taxpayers to argue reliance on Service-issued FAQs in seeking relief from penalties that provide a reasonable-cause exception.
Tips for working effectively with the IRS
Practitioners can take certain steps to overcome some of the challenges wrought by the IRS’s struggles in providing taxpayer services.
National taxpayer advocate directs IRS to implement scanning technology
Erin Collins tells the Internal Revenue Service to implement common scanning technologies to help reduce a backlog of 15 million returns.
Various exempt organization notices paused
Citing processing delays, the IRS suspends 10 late-filing notices to tax-exempt organizations.
TIGTA: IRS inefficiencies worsened backlog
An audit by the Treasury Inspector General for Tax Administration recommends improvements in staff deployment, equipment and procedures.
Individual taxpayers must answer cryptoasset question, IRS notes
Front and center on Form 1040 is whether taxpayers had a virtual currency transaction.
Commissioner to Congress: IRS will clear backlog by year’s end
Testifying before a House subcommittee, Charles Rettig describes progress in meeting lingering pandemic challenges.
TIGTA: IRS beset by processing backlogs, hiring lags in 2021
A review by the Treasury Inspector General for Tax Administration assessed the IRS’s 2021 performance, customer service issues and administration of tax law changes.
TAX PRACTICE MANAGEMENT
2025 tax software survey
AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
