IRS News
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 Finalizes Regulations on Allocation and Apportionment of Interest Expenses by Partners
The Internal Revenue Service has issued final regulations to provide guidance on the allocation and apportionment of interest expense by corporations that own a 10 percent or greater interest in a partnership, along with the allocation and apportionment of interest expense using the fair market value method. Read more »
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Conservative Group Petitions Supreme Court for Review of IRS Rule on Federal Health Insurance Exchange
July 31, 2014The Competitive Enterprise Institute, a public policy group that advocates for free markets and... Read more »
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IRS Hopes New Form Will Help Uncover Charity Fraud
July 31, 2014Internal Revenue Service commissioner John Koskinen is putting his hopes in the IRS’s... Read more »
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IRS Emails from Lois Lerner Refer to Right-Wing “Crazies”
July 30, 2014Lois Lerner, the former director of the Internal Revenue Service’s Exempt Organizations... Read more »
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In the Blogs: These Kids Today …
July 30, 2014Highlights of some of our favorite tax-related blogs from the past week. Read more »
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IRS Mishandled Taxpayer Assistance Center Cutbacks
July 29, 2014Reeling from a series of budget cuts in recent years, the Internal Revenue Service has slashed... Read more »
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IRS Prodded to Publicize Tax Breaks for 9/11 Victims
July 28, 2014The Internal Revenue Service is being pressed to provide more awareness of tax breaks for victims... Read more »
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IRS Sends Warning Letters on Legacy PTINs
July 28, 2014The IRS Return Preparer Office plans to mail letters this week to approximately 5,000 preparers... Read more »
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Final Regulations on Premium Tax Credits Allow Domestic Violence Survivors to Access ACA Benefits
July 28, 2014The Internal Revenue Service and the Treasury Department have released final regulations on the... Read more »
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IRS Releases Draft Forms for ObamaCare
July 25, 2014The Internal Revenue Service released draft versions Thursday of several forms for employers and... Read more »
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Former IRS Employee Arrested in Identity Theft Ring
July 25, 2014A former Internal Revenue Service employee was arrested and charged with participating in an... Read more »
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In the Blogs: Great Galloping Gavels
July 24, 2014Highlights of some of our favorite tax-related blogs from the past week. Read more »
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IRS Issues Rules on Money Market Funds and Wash Sales in Response to SEC Reforms
July 23, 2014On the same day that the Securities and Exchange Commission issued long-awaited rules for money... Read more »
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GAO Finds It Easy to Fake Applications for Health Insurance Premium Tax Credits
July 23, 2014Undercover investigators working with the Government Accountability Office found it was easy to... Read more »
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IRS Has Trouble Auditing Large Partnerships
July 22, 2014The growing number and complexity of large partnerships, such as hedge funds, are making it... Read more »
