This column offers suggestions for comprehensive
and meaningful tax reform.
Advertisement
TOPICS
IRS Practice & Procedure
Navigating the Murky Waters of IRS Payment Agreements
This item outlines the pros and cons of the various types of installment agreements.
Why the AICPA SSTSs and IRS Circular 230 Should Be Added to CPAs’ Lists of Favorite Resources
These documents are as useful as a master tax guide or tax handbook and may ultimately save a CPA from time-consuming and costly
litigation or disciplinary proceedings.
Ratification May Fix Signature Problems
Concerns regarding the validity of an act often can be resolved by having an authorized person ratify the act that his or her agent performed.
ITINs: The Rules Have Changed
The PATH Act of 2015 established new limitations for individual taxpayer identification numbers
IRS Updates Automatic Accounting Change Procedures
Unless otherwise provided, a taxpayer must secure the IRS’s consent before changing its accounting method.
Worker Classification and the Evolving Service Delivery Model
Determining whether a worker is properly classified for tax purposes as an independent contractor or an employee is complex.
Material Adviser Penalty Rules Are Clarified
The IRS issued final rules for the penalty imposed on material advisers for failing to provide the IRS a list of advisees with respect to reportable transactions.
LB&I Announces Expanded Prefiling Agreement Program, Significant User Fee Increase
The IRS expanded its existing prefiling agreement program for taxpayers that fall under the jurisdiction of the Service’s Large Business and International division.
Practical Documentation of QRAs for the R&D Tax Credit
In the absence of records specifically created to document the research tax credit, taxpayers
often have to rely on estimates and an assortment of documents, interviews, and other evidence to substantiate expenditures that qualify for the research tax credits.
E-file PIN Program Shut Down in Response to Cyberattacks
The IRS announced that the electronic filing personal identification number (e-file PIN) tool is “no longer available” after it detected additional attacks on the system.
IRS Did Not Discover or Help All Get Transcript Data Breach Victims
The TIGTA criticized the IRS’s failure to identify and assist all taxpayers whose tax return and other data may have been accessed by cybercriminals in last year’s Get Transcript breach.
Taxpayers Can Get Tax Return Transcripts Online Once Again
Announcing increased security and authentication procedures, the IRS said that it had reinstated its Get Transcript Online service, which had been breached by cybercriminals last year.
Final Rules Define Loss Importation Property
The IRS issued final rules that prevent taxpayers from transferring losses to corporations.
Medical Device Excise Tax: Moratorium Considerations and FAQs
This item discusses some frequently asked questions with respect to the medical device excise tax and the current state of the law.
Revised Vehicle Depreciation Limits Are Issued
The IRS released guidance providing revised limits for the amount of depreciation taxpayers can take for the first year they use a passenger
automobile for business.
What LIHTC Project Owners Should Know About New IRS Compliance-Monitoring Rules
IRS regulations and revisions provide state or local housing credit agencies with additional flexibility in implementing monitoring duties.
IRS Updates List of Designated Private Delivery Services
Eight DHL delivery services were added to the list of designated private delivery services that qualify for purposes of the timely mailing/timely filing rule.
AICPA Members Weigh In on IRS Service Levels
Problems included trouble getting through on the phone and trouble reaching IRS representatives who could answer their questions. Written communications with the agency were another source of frustrations.
IRS Future State Is Not a One Size Fits All
Nina Olson, the national taxpayer advocate, heard from tax practitioners and taxpayer groups on how the IRS can modernize its taxpayer services.
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.
