The Consolidated Appropriations Act extends an extensive list of expired tax provisions, some permanently, some for five years, and many for two years, through 2016.
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IRS Practice & Procedure
Taxpayers Beware: Intricacies of Timely Filing Under Secs. 7502 and 7503
Taxpayers must follow strict procedural requirements to properly qualify under these provisions when the IRS receives a return or other document after the due date.
Rules Determine Attorneys’ Fees and Costs for Prevailing Parties in IRS Proceedings
Final regulations issued by the IRS govern the awarding of costs and attorneys’ fees to taxpayers who meet certain net worth requirements and who prevail in administrative or court proceedings against the IRS.
Still More Accounts Found Hacked in IRS “Get Transcript” Breach
A TIGTA investigation into the data breach first discovered last May brings the total number of taxpayers whose tax transcripts were potentially compromised to 724,000.
IRS LB&I Unveils New Audit Procedures
The new examination process, which will be effective May 1, 2016, includes new procedures for refund claims while an examination is underway.
2016’s Dirty Dozen Tax Scams
The IRS released its annual list of the “dirty dozen” worst tax scams, starting with identity theft and winding up with frivolous tax arguments.
Final Regulations Govern Sec. 6045 Reporting of Debt Instruments by Brokers
The IRS issued final regulations on the rules for brokers to report transactions involving debt instruments and options, including original issue discount.
AICPA “Fly-In” to D.C. Seeks Path Toward a 21st Century IRS
The “fly-in” was intended to highlight dissatisfaction by practitioners and taxpayers with the IRS’s admittedly unacceptable levels of service and CPAs’ potential role in improving the IRS in that and other ways.
IRS Suffers Another Data Breach
The IRS revealed that it discovered and stopped an automated cyberattack on its e-filing personal identification number (PIN) system last month.
Additional 2016 Inflation Adjustments Released
The IRS issued inflation adjustments for the Sec. 179 expensing limits, the above-the-line deduction for eligible expenses of educators, and the deductible amount for van pool and transit expenses.
IRS Restores E-Filing Services
The IRS’s tax return e-filing system was back in operation Thursday afternoon, a day after a computer hardware failure knocked out it and other IRS system services.
IRS Made “Initial Determination”
IRS could impose penalty because the examiner had made an initial determination that the penalty applied.
Passport Revocation and Third-Party Debt Collection Provisions Enacted
Passports can be denied to any person whom the IRS certifies as having seriously delinquent tax debt.
New IRS Policy Allows Tax ID Theft Victims to See Fraudulent Returns
The IRS posted instructions for taxpayers or their CPAs to obtain copies of returns filed by thieves.
Tax Return Processes: The Intersection of Due Diligence and Quality Control
This column explores the interrelationship of ethical and practical considerations that start before client data come into the office and continue after the return is filed.
IRS IP PIN Notice Contains Wrong Tax Year for Filing
The IRS warned that identity protection personal identification number (IP PIN) notices it has recently sent to victims of identity theft refer to the wrong tax year.
Proposed and Temporary Sec. 199 Regulations Address a Wide Variety of Issues
The Treasury Department and the IRS proposed regulations that address a variety of issues and reflect guidance on statutory changes, provide clarifications of existing guidance,
and address issues generating controversy regarding IRS and taxpayers.
IRS Temporary Regulations Eliminate the Automatic 30-Day Filing Extension for Forms W-2
Employers will be allowed only a single, nonautomatic 30-day extension of the filing due date for the Form W-2 series.
Signing a Return Is Still Not Optional
The Tax Court held that neither the substantial compliance nor the tacit consent doctrine excused a taxpayer’s failure to sign a joint return.
2015 Budget Act Makes Big Changes to Partnership Audit Procedures
The act replaces the current TEFRA partnership audit rules and repeals the current special rules for electing large partnerships.
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.
