The extension to March 20 applies to business taxpayers affected by the two recent winter storms, Quinn and Skylar, that primarily hit the Northeast and Mid-Atlantic United States.
IRS Practice & Procedure
The IRS announced the new lower tax brackets for 2018 and a number of other new items affected by P.L. 115-97, known as the Tax Cuts and Jobs Act.
The IRS has completed updating its online withholding calculator that individual taxpayers can use to determine how many withholding allowances they should claim for 2018.
The six-year limitation period applies only to tax years in which the Sec. 6038D reporting requirement was in effect.
Taxpayers can use various techniques to minimize estimated tax payments throughout the year while also avoiding underpayment penalties.
This item discusses two cases that highlight nuances of the refund claim limitation provisions.
The IRS is proposing to remove 298 regulations that have no current or future application to the Internal Revenue Code.
President Donald Trump announced that he will nominate Charles Rettig, a tax attorney from California, to be the new Commissioner of the IRS.
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.
This article focuses on the potential criminal consequences that can arise when a business fails to collect or pay over withheld tax.
The IRS concluded that a taxpayer could deduct the unamortized debt-issuance costs related to its existing debt upon its exchange for new debt.
A new directive allows taxpayers to use R&D costs reported on FASB ASC financial statements as the starting point for computing QREs.
This column summarizes the federal tax law changes under reform enacted in December.
LB&I division's list expands the government’s tax enforcement and administration efforts, especially in the international arena.
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.
Thirty-nine areas in the recent tax overhaul act require immediate guidance, the AICPA told the IRS and Treasury.
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 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.
The IRS issued new tax withholding tables for 2018 to be used to implement the changes to the tax law enacted last month.
The IRS continues to press for greater tax compliance in the virtual currency arena.