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 »
-
The Good, the Bad, and the Ugly of the IRS's New Offshore Disclosure Rules
June 19, 2014Several due dates for those with offshore accounts are approaching, with far-reaching... Read more »
-
IRS Affected by Sequestration Cuts
June 19, 2014The Internal Revenue Service generally took reasonable steps to plan for the required... Read more »
-
Supreme Court Just Made Fighting IRS Even Harder
June 19, 2014Supreme Court overturns an appeals court opinion that would have allowed taxpayers to examine the... Read more »
-
IRS Faulted on Disposal of Old Computers
June 19, 2014The Internal Revenue Service needs to improve its processes for disposing of unneeded computers,... Read more »
-
IRS Eases Offshore Voluntary Disclosure Program for Non-willful Tax Evasion
June 18, 2014The Internal Revenue Service said Wednesday it would make major changes in its offshore voluntary... Read more »
-
Congressional Republicans Say IRS Lost Emails from 7 Officials
June 17, 2014Congressional Republicans said Tuesday that the Internal Revenue Service has lost emails from six... Read more »
-
Republicans Demand Answers From IRS on Missing Lerner E-Mails
June 17, 2014Congressional Republicans are demanding answers from the Internal Revenue Service after the... Read more »
-
IRS Lost 2 Years of Lois Lerner’s Emails with Outsiders
June 13, 2014The Internal Revenue Service claims to have lost two years’ worth of email messages between... Read more »
-
Some Amendments to the IRS Taxpayer Bill of Rights
June 13, 2014This week, the Internal Revenue Service adopted a “Taxpayer Bill of Rights” that takes... Read more »
-
IRS Urged to Address Tax Noncompliance of Partnerships and S Corps
June 13, 2014The Internal Revenue Service is being asked to do more to crack down on tax noncompliance by... Read more »
-
GAO Says IRS Needs to Manage Its Budget Better
June 12, 2014Facing a series of budget cuts in recent years, the Internal Revenue Service is being urged to... Read more »
-
IRS Provides Safe Harbor for Indian Tribal Benefits
June 11, 2014The Internal Revenue Service has issued a revenue procedure providing safe harbors for applying... Read more »
-
IRS Finalizes Regulations on Written Tax Advice
June 11, 2014The Internal Revenue Service has issued final regulations that modify the standards governing... Read more »
-
IRS Backs Investors Seeking to Alter Hedge-Fund Fees
June 11, 2014The Internal Revenue Service issued a ruling yesterday clearing the way for institutional... Read more »
