The IRS is introducing an 18-month pilot program under which it will once again issue letter rulings concerning the general income tax effects of stock distributions under Sec. 355.
Glen Keenan, president of XCM Solutions and Xpitax, discusses how communication, education, and formalizing your strategy will help you start and build your outsourcing program.
In this video, Glen Keenan, president of XCM Solutions and Xpitax, presents several tactics for tax season preparation.
In an effort to reduce identity theft, the IRS issued proposed regulations that would permit employers to use truncated taxpayer identification numbers (TTINs) on Forms W-2, Wage and Tax Statement.
Acting quickly in the wake of Hurricane Irma, the IRS gave filing and payment extensions to hurricane victims in 16 counties in Florida, all of St. John and St. Thomas in the U.S. Virgin Islands, and four municipalities in Puerto Rico.
This article helps CPAs familiarize themselves with the rules surrounding inherited IRAs and the best ways to deal with these accounts.
Employers must follow complex rules to exclude employee discounts from taxable income.
A presidential regulatory freeze had delayed the proposed regulations' publication from early in 2017.
Previously, since 2014, an extension of time to claim the deceased spousal unused amount could be obtained only by a letter ruling request.
The numbers confer no special benefit to preparers, a district court holds as it orders refunds.
The Ninth Circuit reverses the Tax Court and finds that the IRS was sufficiently apprised of an innocent spouse claim.
IRS online taxpayer accounts expand capabilities ... Supreme Court rules church-affiliated organizations’ plans are exempt from ERISA ... TIGTA finds improved ID theft casework
An underserved market awaits CPAs attuned to younger taxpayers’ perspectives.
The emerging discipline of tax information and operations management could change the role of tax professionals from one focused on compliance to one essential to creating value.
Various e-Services will be unavailable between Sept. 7 and Sept. 12, the Internal Revenue Service announced, as it moves to a new platform.
The relief includes an extension of time to file certain individual and business tax returns and make certain tax payments.
In this episode, "The Tax Adviser" Editor-In-Chief Alistair Nevius explains what we can learn from this year’s tax software survey.
In this video, Lauren Kovar, CPA/CITP, CGMA, explains why all CPAs need to understand the tax function and its operations and how the field of Tax Information and Operations Management represents a 180-degree turn for tax.
In this video, Lauren Kovar, CPA/CITP, CGMA, director of Client Advisory & Strategy for Thomson Reuters, shows how CPAs can navigate their way using the Tax Information and Operations framework.
The French Lick, Ind., property was used for personal purposes more than 14 days per year, the Tax Court holds.