President Donald Trump announced that he will nominate Charles Rettig, a tax attorney from California, to be the new Commissioner of the IRS.
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TOPICS
IRS Practice & Procedure
OPR implements greater transparency in disciplinary investigations
The IRS’s Office of Professional Responsibility has implemented a new process for informing practitioners that they are under investigation for violations of Circular 230.
Congress enacts tax reform
This column summarizes the federal tax law changes under reform enacted in December.
IRS expands list of large business audit ‘campaigns’
LB&I division’s list expands the government’s tax enforcement and administration efforts, especially in the international arena.
Ethics rule would require CPAs to discuss suspected illegal acts with clients
This column addresses how this new rule may impact CPA tax practitioners providing services outside the scope of an audit or to a nonaudit client.
Employment tax penalties: Let’s keep it civil
This article focuses on the potential criminal consequences that can arise when a business fails to collect or pay over withheld tax.
A new safe harbor for LB&I taxpayer R&D credits
A new directive allows taxpayers to use R&D costs reported on FASB ASC financial statements as the starting point for computing QREs.
IRS memorandum provides clarity on treatment of debt-issuance costs
The IRS concluded that a taxpayer could deduct the unamortized debt-issuance costs related to its existing debt upon its exchange for new debt.
IRS issues more guidance on withholding rules for new tax law
The IRS issued Notice 2018-14 to provide more guidance on the withholding rules that were changed by P.L. 115-97, known as the Tax Cuts and Jobs Act.
Practitioners need immediate guidance on tax reform act, AICPA says
Thirty-nine areas in the recent tax overhaul act require immediate guidance, the AICPA told the IRS and Treasury.
What to expect from the IRS during the government shutdown
The shutdown of the federal government comes just nine days before the scheduled start of tax season. Here’s a look at how the IRS may be affected.
FASB proposes corporate reporting change related to new tax law
FASB proposed a new standard that is intended to help organizations reclassify certain income effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act.
New tax withholding tables are issued
The IRS issued new tax withholding tables for 2018 to be used to implement the changes to the tax law enacted last month.
IRS closer to obtaining virtual currency records
The IRS continues to press for greater tax compliance in the virtual currency arena.
FASB addresses financial reporting impacts of new tax law
FASB addressed numerous financial reporting implications of P.L. 115-97, known as the Tax Cuts and Jobs Act.
IRS asking for taxpayer representatives’ personal information
The IRS is now asking taxpayer representatives who call the agency to provide their Social Security number and date of birth to confirm their identity.
IRS announces when filing season will start
The IRS announced that this year’s filing season will begin about a week later than last year’s filing season.
Transcript of account issued by the IRS
When a transcript is obtained, it is important to know the meaning of transaction codes.
Inflation adjustments and tax tables for 2018 tax returns are issued
The IRS issued the annual revenue procedure that updates the almost 60 tax provisions that must be adjusted for inflation each year.
President signs tax overhaul into law
President Donald Trump signed H.R. 1, the Tax Cuts and Jobs Act legislation, thereby making it law.
INDIVIDUALS
Current Developments in Taxation of Individuals: Part 1
This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2025.
