IRS Practice & Procedure

TOPICS

June 1, 2018

2018’s Dirty Dozen tax scams listed

The IRS completed its annual list of the top tax scams for this filing season, with brazen phishing and phone scams still prominent on the list.

June 1, 2018

Tax reform and the IRS: Five takeaways for tax practitioners

Tax administration, post–tax reform, is markedly different than before, for several reasons.

June 1, 2018

Appropriations act tax provisions include IRS funding and audit rules

The $1.3 trillion spending bill passed by Congress includes IRS funding and tax-related technical corrections, including changes to the centralized partnership audit regime.

June 1, 2018

Knowledge of tax-related proceeding necessary for obstruction conviction

A taxpayer must be aware of a pending tax-related proceeding to be convicted of obstructing or impeding due administration of the Code.

May 30, 2018

AICPA recommends IRS FAQs on virtual currency taxation

The comments were prompted by new questions that have emerged about how the tax rules apply to virtual currency transactions since the AICPA first submitted comments.

May 25, 2018

Standard mileage rates, depreciation amounts updated

The IRS issued guidance on the standard mileage rates and depreciation limits that were changed by the Tax Cuts and Jobs Act.

May 25, 2018

IRS warns tax practitioners of new phishing scam

The IRS alerted tax practitioners to beware of a new phishing scheme in which cybercriminals send out emails posing as state accounting and professional associations.

May 10, 2018

Reporting life settlement sales after the Tax Cuts and Jobs Act

Find out about a new requirement for life insurance companies to report sales of life insurance policies.

May 3, 2018

Small businesses should guard against tax-return identity theft

The IRS urged small businesses to be wary of a growing amount of identity theft attempts aimed at employers and small businesses in general, and partnerships and trusts and estates.

May 3, 2018

Navigating the tax return signature maze

Stepped-up security to deter and prevent fraud means legitimate taxpayers and their tax professionals must overcome extra hurdles to comply with their tax obligations.

May 1, 2018

Revenue procedure contains tax rate tables and inflation adjustments under new tax law

The IRS announced new lower tax brackets for 2018 and a number of other new items affected by the Tax Cuts and Jobs Act.

May 1, 2018

Review of regulations prompts proposal to remove 298 outdated rules

The IRS is proposing to remove 298 regulations that have no current or future application to the Internal Revenue Code.

April 26, 2018

The Offshore Voluntary Disclosure Program and cryptocurrency

The IRS is ending the Offshore Voluntary Disclosure Program just as its enforcement of cryptocurrency compliance increases.

April 17, 2018

IRS computer crash prompts deadline extension

After the IRS’s Modernized e-File and Direct Pay systems were not in operation for most of the day on Tuesday, the IRS extended the filing and payment deadline for 2017 individual tax returns until midnight on Wednesday, April 18.

April 12, 2018

Treasury regulations to be subject to OMB review

The Treasury Department and the White House’s Office of Management and Budget have agreed to change the procedures under which Treasury regulations are reviewed.

April 12, 2018

Are client meals deductible after the Tax Cuts and Jobs Act?

Editor’s note: Thank you for your interest in this article. The deductibility of business meals is an evolving issue under P.L. 115-97, known as the Tax Cuts and Jobs Act, and this article is no longer available.

April 1, 2018