The 2017 appropriations bill passed by Congress includes $11.2 billion for IRS operations and enforcement. But it also includes specific directives prohibiting certain IRS conduct.
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TOPICS
IRS Practice & Procedure
Details of FAFSA data breach revealed in House testimony
The details of a recent data breach affecting 100,000 taxpayers were revealed in testimony before the House of Representatives Oversight and Government Reform Committee in Washington.
Calendar-year C corporations can get 6-month filing extensions
The IRS is allowing calendar-year C corporations
a six-month filing extension, instead of the five-month extension specified in the Code.
Taxpayer’s arguments for CDP review of penalty tank on appeal
A taxpayer was not entitled to challenge a penalty, which was already disputed in an administrative proceeding at the IRS Appeals office, in a CDP hearing.
IRS targets ‘micro-captive transactions’ as transactions of interest
Treasury and the IRS continue their scrutiny of captive insurance transactions that they deem to be abusive.
2017’s Dirty Dozen tax scams
The IRS released its annual list of the top 12 scams.
IRS explains e-Services account suspensions/re-registration procedures
The IRS suspended the e-Services accounts of users who failed to verify their identities.
Trump’s tax reform priorities unveiled
Key features include a large reduction in the corporate tax rate, fewer and lower tax brackets for individuals, and a repeal of the estate tax and the alternative minimum tax.
Treasury ordered to review 2016 tax regulations
President Donald Trump signed an executive order directing the Treasury Department to review “significant” regulations that were issued in 2016 and 2017 to determine if the regulations cost too much, are too complex, or exceed the IRS’s statutory authority.
Cryptocurrency and taxes
Cryptocurrency has gone mostly unregulated, but Coinbase could be just the first of many IRS targets.
Procedure for obtaining rescission of 90-day letters
The appropriate situations for using rescission use are really very limited.
Misapplied payment does not result in erroneous refund
A credit made by the IRS to a taxpayer’s account, which stemmed from its misapplication of a payment for the taxpayer’s mother in an earlier year, was not an erroneous refund.
The statute of limitation for net operating losses
Can the IRS challenge the calculation of the prior-period carryover amount and, in effect, reopen a closed return?
Taxpayer proved timely mailing of Tax Court petitions, Seventh Circuit holds
A taxpayer whose lawyer used print-at-home postage when mailing several Tax Court petitions timely filed those petitions, the Seventh Circuit held.
Tax reform is likely to curtail some credits and incentives
This item discusses several popular tax credits and incentives and their potential future in light of tax reform proposals.
International information return penalties remain a significant issue for taxpayers and advisers
This item explores the risks for certain delinquent or substantially incomplete international information returns.
IRS announces online publication of practitioners’ registration information
The IRS alerted tax practitioners that it plans to publish their registration information online.
IRS enforcement activities dropped in 2016
The IRS reported several large drops in its enforcement activities in fiscal year 2016, including a 16% drop in audits, a 40% drop in levies, and a 9% drop in liens compared to the prior year.
Form 1040NR enters the 21st century
Nonresident filers can now file their 2016 Form 1040NR electronically.
Disbarred tax preparer not subject to IRS jurisdiction
The IRS Office of Professional Responsibility has no authority or jurisdiction over a disbarred attorney/tax preparer or his tax preparation practice and cannot regulate his provision of tax advice a federal district court in Nevada has held.
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.
