The IRS issued final regulations that govern the relief available for victims of domestic abuse or abandonment from the requirement that married taxpayers must file joint income tax returns to qualify for the Sec. 36B premium tax credit.
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IRS Practice & Procedure
LB&I launches 13 initial campaigns
The campaigns reflect a change in the way the
IRS intends to influence the compliance
behaviors of LB&I taxpayers.
Recent developments in estate planning: Part 2
This second of a two-part article discusses GST tax and trust tax developments, as well as tax reform proposals and inflation adjustments for 2017.
IRS asks for stay on PTIN fees
If granted, the stay would allow the IRS to charge the fees while it decides whether to appeal the district court decision that struck down the fees and, if it does appeal, during the appeal itself.
Republicans unveil tax reform framework
Republican leadership released a tax reform framework that calls for fewer individual tax brackets, a lower corporate tax rate, and elimination of many tax deductions.
IRS to rule on tax-free stock distributions
The IRS is introducing an 18-month pilot program under which it will once again issue letter rulings concerning the general income tax effects of stock distributions under Sec. 355.
Hurricane Irma victims get IRS reprieve
Acting quickly in the wake of Hurricane Irma, the IRS gave filing and payment extensions to hurricane victims in 16 counties in Florida, all of St. John and St. Thomas in the U.S. Virgin Islands, and four municipalities in Puerto Rico.
Rules would allow truncated taxpayer IDs on Forms W-2
In an effort to reduce identity theft, the IRS issued proposed regulations that would permit employers to use truncated taxpayer identification numbers (TTINs) on Forms W-2, Wage and Tax Statement.
PTIN registration system reopened
The system had been down since early June, after a federal court held that the IRS cannot charge a PTIN fee.
Changes and outages coming to IRS e-Services
Various e-Services will be unavailable between Sept. 7 and Sept. 12, the IRS announced, as it moves to a new platform.
Hurricane Harvey victims have more time to file tax returns and pay tax
The relief includes an extension of time to file certain individual and business tax returns and make certain tax payments.
Proposed budget contains tax reform provisions and would authorize regulation of tax return preparers
President Donald Trump’s proposed FY 2018 budget includes a new proposal to give the IRS authority to regulate paid tax return preparers.
Will tax reform make C corps. more attractive for closely held businesses?
Tax reform is expected to reduce the tax rates imposed on C corporations’ taxable income, giving closely held businesses a significant reason to consider converting.
Considering whether to file an income tax extension
Extensions can help in avoiding mistakes and determining that all appropriate forms are included with a return.
IRS will rule on leveraged spinoffs again
The IRS says it will again issue rulings on corporate leveraged spinoff transactions.
Taxpayers must pay electronically for ruling requests
The IRS announced that it will no longer accept checks in payment for ruling requests.
Tax Court clarifies ‘amounts in dispute’ for purposes of whistleblower awards
The Tax Court held that “amounts in dispute” for the $2 million threshold in whistleblower cases are
the total amount of the liability.
IRS cannot charge fees for PTINs
The D.C. District Court held that the IRS has the authority to require preparers to use preparer tax identification numbers but that it cannot charge fees for issuing PTINs.
IRS moves for stay of PTIN fee injunction
If granted, the stay would allow the IRS to charge the fees while it decides whether to appeal the district court decision that struck down the fees and, if it does appeal, during the appeal itself.
IRS pilots Appeals videoconference service
The IRS Office of Appeals announced that on Aug. 1 it will begin offering taxpayers and their representatives a new web-based virtual conference option for taxpayer conferences.
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.
