The new procedures are designed to facilitate consideration by the IRS Appeals office, while maintaining the independence of the appeals process as required under the law.
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TOPICS
IRS Practice & Procedure
Expired Tax Provisions: No Relief in Sight?
It’s a good time to review which provisions might get a last minute reprieve and see what legislation is pending in Congress.
IRS Gives South Carolina Flood Victims Tax Relief
The IRS announced that taxpayers who live or have a business in the South Carolina counties that have been declared disaster areas will have extra time to file their returns and pay any taxes owed.
Current Issues Involving Deferred Compensation and Employment Taxes
Employers in the for-profit, tax-exempt, and public sectors may overlook a number of issues involving the application of the employment tax rules.
Identity Theft: Staying One Step Ahead of the “Bad” Guys
A number of steps can be taken to minimize the opportunities for identity thieves to be successful.
BMC Software: A Hidden Holding on the Weight Afforded to Published Guidance
a deeper analysis of this court decision sheds light on a broader issue with significant importance to all tax practitioners: How much weight should a court give to IRS published
guidance?
Extension OK Where Individual Had Apparent Authority to Sign It
A consent to extend the limitation period for the assessment for partnership items signed by the tax matters partner of a partnership in his capacity as the tax matters partner of another partnership was valid because the individual had the apparent authority to sign the consent.
CPAs May Be Responsible for Clients’ Payroll Tax Penalties
The Erwin case is an important reminder that an accountant can be held liable for a client’s unpaid employment taxes.
Employee or Independent Contractor?: The Worker Classification Dilemma
Workers want payers to be held responsible for payroll taxes and employee benefits, and payers/businesses want to shift that responsibility to their workers to save money and lessen their administrative burdens.
Highway Funding Bill Enacts Long-Sought Change in Return Due Dates
The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 contains several important tax provisions.
IRS Regulations on Where to File Claims for Refund
The IRS issued final regulations on the correct place for taxpayers to file claims for refund or credit.
AICPA Expresses Concerns About Tax Return Preparer Legislation
The proposed grant of authority to the IRS to regulate all aspects of tax practice is overly broad, the AICPA said in a letter to the Senate Finance Committee.
Tax Reform: Challenges of Broadening the Tax Base
For the past few years, the emphasis has been on lowering tax rates and broadening the base for revenue-neutral, comprehensive tax reform.
Statute of Limitation for Tax Carryovers
It is not unusual for a taxpayer to make an error on a return that results in a misstatement of a net operating loss or a credit that is then carried forward. These mistakes might not be noticed until after the statute of limitation is closed.
Handling Potentially Misclassified Workers
A business can take these steps to strengthen its position that it is properly classifying workers as employees or independent contractors and minimize risk.
Navigating Today’s IRS Examination With Fast Track Settlement
Fast Track Settlement may provide a viable alternative to pursuing an audit appeal.
Money Can’t Buy Love, but It Can Keep You Out of Prison
Seventh Circuit upheld a district court’s decision to spare Beanie Babies billionaire prison time for evading taxes by hiding assets in a Swiss bank account.
Trade Preferences Act Amends the Tax Code
The Trade Preferences Extension Act of 2015, enacted on June 29, contains a few tax provisions in addition to the trade measures that were the focus of the bill.
IRS Proposes Rule Updates and Clarifications to Penalty for Nondisclosure of Reportable Transactions
The IRS issued proposed regulations that would update and clarify the rules regarding the penalty for failure to disclose reportable transaction information.
Get Transcript Data Breach More Than Three Times as Big, IRS Announces
The IRS alerted the public that an additional 220,000 taxpayers had their tax return information compromised in the Get Transcript database breach it announced in May.
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.
