Beat the clock so clients don’t forfeit refunds or credits due from the IRS.
IRS Practice and Procedure
The IRS had planned to launch by the end of the month its updated Secure Access site, which will require using a two-factor authentication process.
President Donald Trump plans to name David Kautter as acting IRS commissioner when John Koskinen’s term expires in November.
The IRS issued the annual revenue procedure that updates the almost 60 tax provisions that must be adjusted for inflation each year
Treasury said it intended to withdraw the Sec. 2704 valuation discount regulations and portions of the Sec. 385 corporate inversion regulations.
IRS fashions relief from the joint filing requirement in the case of spousal abuse or abandonment and makes a technical correction in the limitation on repayment of excess advance credit by self-employed taxpayers.
The taxpayers' use of a newly created corporation was held to be a vehicle to avoid Roth IRA contribution limits.
Rules on corporate debt vs. equity and valuation of family-owned businesses are among those deemed subject to a presidential order.
Republican leadership released a tax reform framework that calls for fewer individual tax brackets, a lower corporate tax rate, and elimination of many tax deductions.
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.
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.
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.
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.
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.
If granted, the stay would allow the IRS to charge the fees while it decides whether to appeal the district court decision that struck down the fees and, if it does appeal, during the appeal itself.
The IRS Office of Appeals announced that on Aug. 1 it will begin offering taxpayers and their representatives a new web-based virtual conference option for taxpayer conferences.
The passport restriction will affect the expatriate community and foreign travelers who haven’t established an agreement to pay their delinquent tax debt.
Changes to the due dates and extensions of time to file various tax returns and information returns were implemented in a package of regulations the IRS issued on Wednesday.