IRS Watch
Check back here frequently for the latest news on tax developments and new rules and regulations from the Internal Revenue Service. The IRS is always producing regulations and guidance for tax preparers and practitioners to follow, while increasingly coordinating on an international basis with tax authorities abroad on both individual and business tax compliance.
IRS Offers Guidance on Obamacare Tax on ‘Cadillac’ Health Plans
The Internal Revenue Service has issued guidance on the potential approaches it may take in the future on proposed regulations for the excise tax on high-cost employer-sponsored health coverage in the Affordable Care Act. Read more »
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IRS Changes Address for Change in Accounting Method
February 27, 2015The Internal Revenue Service has changed the mailing address for Form 3115, Application for... Read more »
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Tax Refunds Hit $125 Bn
February 26, 2015The IRS has issued nearly 40 million tax refunds worth almost $125 billion for this season as of... Read more »
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IRS Won’t Penalize Those Who Received Wrong Tax Info from Health Insurance Marketplaces
February 25, 2015The Internal Revenue Service will not try to collect additional taxes from those taxpayers who... Read more »
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In the Blogs: Slights of Hand
February 25, 2015Highlights of some of our favorite tax-related blogs from the past week. Read more »
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Tax Filing Season Going Smooth despite IRS Budget Woes
February 24, 2015The major challenges facing the IRS today are its budget situation, which affects both service... Read more »
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IRS Gives Employers Extension on Filing for Work Opportunity Tax Credit
February 23, 2015The Internal Revenue Service is giving employers extra time beyond the 28-day deadline for... Read more »
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In the Blogs: Ex Parte Hearty
February 19, 2015Highlights of some of our favorite tax-related blogs from the past week. Read more »
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IRS Working on Taxpayer Authentication to Combat Identity Theft-Related Tax Fraud
February 19, 2015The Internal Revenue Service recently created a group whose goal is to centralize several prior... Read more »
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Caterpillar Faces IRS Penalties, More Taxes on Swiss Parts Unit
February 19, 2015Caterpillar Inc. said the Internal Revenue Service has “proposed” tax increases and... Read more »
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'Survival Kit' Available for IRS Repair Regs
February 18, 2015A CPA has released what he is calling a “survival kit” for the Internal Revenue... Read more »
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IRS Warns Tax Preparers to Beware of Phishing Scam
February 18, 2015The Internal Revenue Service warned tax preparers and other tax professionals to be on guard... Read more »
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Treasury Delays Enforcement of Standalone Health Reimbursement Arrangement Ban
February 18, 2015The Treasury Department said Wednesday that it would delay enforcement of an Affordable Care Act... Read more »
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IRS Begins Testing Appointments for Taxpayer Service
February 18, 2015The Internal Revenue Service said Wednesday it would begin a limited test at 10 of its Taxpayer... Read more »
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New IRS Procedure for Repair Regulations Reduces Burden (for Some)
February 17, 2015Last Friday, the IRS released Revenue Procedure 2015-20, which lessens the requirements for... Read more »
