IRS to rule on tax-free stock distributions
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.
Tax
Best practices for outsourcing returns
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.
How to deal with a difficult tax season
In this video, Glen Keenan, president of XCM Solutions and Xpitax, presents several tactics for tax season preparation.
Rules would allow truncated taxpayer IDs on Forms W-2
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.
Hurricane Irma victims get IRS reprieve
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.
How to avoid costly tax traps with inherited IRAs
This article helps CPAs familiarize themselves with the rules surrounding inherited IRAs and the best ways to deal with these accounts.
Employee discount plans
Employers must follow complex rules to exclude employee discounts from taxable income.
IRS reissues centralized partnership audit rules; CPAs urge postponement
A presidential regulatory freeze had delayed the proposed regulations' publication from early in 2017.
IRS provides simplified method for late portability elections
Previously, since 2014, an extension of time to claim the deceased spousal unused amount could be obtained only by a letter ruling request.
Federal court strikes down PTIN fees, upholds PTINs
The numbers confer no special benefit to preparers, a district court holds as it orders refunds.
Filing of incorrect form is considered a valid informal refund claim
The Ninth Circuit reverses the Tax Court and finds that the IRS was sufficiently apprised of an innocent spouse claim.
Line items
IRS online taxpayer accounts expand capabilities ... Supreme Court rules church-affiliated organizations’ plans are exempt from ERISA ... TIGTA finds improved ID theft casework
Tax planning for Millennials
An underserved market awaits CPAs attuned to younger taxpayers’ perspectives.
A new discipline for tax
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.
Changes and outages coming to IRS e-Services
Various e-Services will be unavailable between Sept. 7 and Sept. 12, the Internal Revenue Service announced, as it moves to a new platform.
Hurricane Harvey victims have more time to file tax returns and pay tax
The relief includes an extension of time to file certain individual and business tax returns and make certain tax payments.
What CPAs need to know about their tax software
In this episode, "The Tax Adviser" Editor-In-Chief Alistair Nevius explains what we can learn from this year’s tax software survey.
Tax Information and Operations Management: A new paradigm for tax
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.
How to follow the Yellow Brick Road of 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.
Deductions disallowed for operator of Larry Bird’s former house as a B&B
The French Lick, Ind., property was used for personal purposes more than 14 days per year, the Tax Court holds.
