The system had been down since early June, after a federal court held that the IRS cannot charge a PTIN fee.
The IRS reissued proposed regulations governing the centralized audit rules, which assess and collect tax at the partnership level.
In a taxpayer-friendly development, the IRS issued guidance permitting certain estates to make a late portability election if they did not make a timely election.
The D.C. District Court held that the IRS has the authority to require preparers to use preparer tax identification numbers (PTINs) but that it cannot charge fees for issuing PTINs.
Policies to curb consumption of sugary soft drinks spur wave of new excise taxes.
A professional liability claim may occur if a client’s expectation and the results of the tax services do not coincide.
Audit risks persist past the otherwise applicable limitation period.
Companies must prepare for unforeseen implications for tax planning.
Despite making a few payments and performing incidental tasks and errands for the business, a man is held not responsible for its unpaid payroll taxes.
Retailer successfully defends its cost-allocation method for buy-in payments from its Luxembourg subsidiary.
The payee's failure to explicitly reject a check outweighs the payer's restrictive endorsement.
A district court applies the Loving decision.
A receiver suing on behalf of fraud victims is denied a refund of taxes paid by the taxpayers who defrauded the victims.
Car and truck depreciation limits for 2017 ... Comments requested on FASB revenue standards ... Procedures for refunds of FICA and RRTA taxes clarified
President Donald Trump’s proposed FY 2018 budget includes a new proposal to give the IRS authority to regulate paid tax return preparers.
The IRS released the 2018 annual inflation-adjusted amounts that apply to health savings accounts.
The 2017 appropriations bill passed by Congress includes $11.2 billion for IRS operations and enforcement. But it also includes specific directives prohibiting certain IRS conduct.
The details of a recent data breach affecting 100,000 taxpayers were revealed in testimony before the House of Representatives Oversight and Government Reform Committee in Washington.
The AICPA revises its Guiding Principles of Good Tax Policy to respond to challenges in tax reform, economic efficiency, global reach, and securing taxpayers’ information.
Form prevails over substance despite dividends' exceeding contribution limits.