A new directive allows taxpayers to use R&D costs reported on FASB ASC financial statements as the starting point for computing QREs.
IRS Practice & Procedure
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.
FASB addressed numerous financial reporting implications of P.L. 115-97, known as the Tax Cuts and Jobs Act.
The IRS is now asking taxpayer representatives who call the agency to provide their Social Security number and date of birth to confirm their identity.
The IRS announced that this year’s filing season will begin about a week later than last year’s filing season.
When a transcript is obtained, it is important to know the meaning of transaction codes.
The IRS issued the annual revenue procedure that updates the almost 60 tax provisions that must be adjusted for inflation each year.
President Donald Trump signed H.R. 1, the Tax Cuts and Jobs Act legislation, thereby making it law.
The tax reform bill that Congress is expected to vote on this week contains numerous changes that will affect businesses large and small.
The tax reform legislation that Congress will consider this week contains many provisions affecting individuals—and many changes from both the House and Senate bills.
The House of Representatives reapproved tax reform legislation on Wednesday, sending the bill to President Donald Trump for his signature.
The Senate voted early today in favor of the Tax Cuts and Jobs Act, H.R. 1, which the House of Representatives had approved Tuesday.
House and Senate conferees agreed to legislative language of a tax reform bill that is expected to be voted on by Congress next week.