IRS Practice & Procedure

TOPICS

March 19, 2019

IRS’s Dirty Dozen scams — 2019 edition

The IRS highlighted the 12 abusive tax schemes it wants taxpayers and tax practitioners to be on the alert for this year. Phishing and scam phone calls were the biggest repeat offenders.

March 15, 2019

First-year challenges of TCJA implementation require broader penalty relief

Despite generally lower tax bills, many taxpayers are seeing smaller-than-expected refunds — or no refunds at all. And some taxpayers are now subject to underwithholding penalties, despite limited relief from the IRS.

March 7, 2019

Questions remain about the excess business loss rule

IRS guidance is needed to determine items of business income, gains, losses, and deductions to arrive at the amount of excess business losses.

March 6, 2019

Treasury announces changes to tax regulatory process

The IRS and the Treasury Department announced changes to their policy on issuing temporary regulations, notices of proposed regulations, and other guidance.

March 4, 2019

Court upholds IRS PTIN fees

The IRS has authority to charge a user fee for preparer tax identification numbers (PTINs) a federal appeals court held, paving the way for the agency to reinstate the charges for obtaining and renewing a PTIN.

March 1, 2019

Resolving contentious issues through the IIR Program

Rev. Proc. 2016-19 lists six characteristics that the IRS will consider in determining whether an issue request is appropriate for the Industry Issue Resolution Program.

March 1, 2019

IRS can assess restitution for aiding tax evasion

The IRS can assess restitution that a taxpayer was ordered to pay as part of his sentence for violating Sec. 7201.

February 15, 2019

Taxpayers will file QBI deduction computation with IRS next year

The IRS posted a draft of a form that affected taxpayers will submit with their 2019 tax returns showing how they computed their qualified business income (QBI) deduction under Sec. 199A.

February 8, 2019

Identity protection PIN program expands

The IRS announced that it is expanding its identity protection personal identification number (IP PIN) program to taxpayers in seven additional states.

February 1, 2019

New IRS commissioner speaks at AICPA National Tax Conference

Veteran tax attorney Charles Rettig gave his first public address as new IRS commissioner, speaking to CPAs at the AICPA National Tax Conference in Washington.

February 1, 2019

The national taxpayer advocate gives annual address to National Tax Conference

The AICPA National Tax Conference heard from National Taxpayer Advocate Nina Olson about particular taxpayer quandaries and needs.

February 1, 2019

Inflation-adjusted items and tax tables for 2019 tax year are released

The IRS issued the 2019 annual inflation adjustments for many tax provisions as well as the 2019 tax rate tables for individuals and estates and trusts.

February 1, 2019

IRS finalizes tax preparer due-diligence regs.

The IRS issued final regulations on the penalty that applies to tax return preparers who fail to exercise due diligence in preparing returns for taxpayers who are claiming head-of-household filing status, the earned income tax credit, the child tax credit, the additional child tax credit, or the American opportunity tax credit.

January 31, 2019