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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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 »
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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 »
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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 »
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IRS Finalizes Regulations on Written Tax Advice
June 11, 2014The Internal Revenue Service has issued final regulations that modify the standards governing... Read more »
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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 »
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IRS Adopts Taxpayer Bill of Rights
June 10, 2014The Internal Revenue Service has adopted a "Taxpayer Bill of Rights" that it said would become a... Read more »
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Former IRS Employee Sentenced in Identity Theft and Tax Fraud Scheme
June 9, 2014A former Internal Revenue Service employee has been sentenced to four years and nine months in... Read more »
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Tips for Safeguarding Tax Records
June 6, 2014As this year’s hurricane season starts, the IRS is reminding individuals and businesses to... Read more »
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Tax Forums to Feature Case Resolution Again
June 6, 2014Once again this year you can bring your toughest unresolved IRS case to resolution specialists at... Read more »
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People with High Incomes Paying Zero Federal Income Taxes
June 5, 2014The Internal Revenue Service has released the spring 2014 edition of its quarterly Statistics of... Read more »
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American Citizens Abroad Offers Tax Preparer Directory
June 5, 2014American Citizens Abroad has created a U.S. Tax Return Preparers Directory that focuses on tax... Read more »
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TIGTA Finds Only a Couple of Collection Violations
June 5, 2014In an annual review, only two IRS violations of Fair Tax Collection Practices were discovered,... Read more »
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Research Tax Credit Just Became Simpler
June 4, 2014The Treasury Department and the Internal Revenue Service released two regulations Tuesday, one... Read more »
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IRS May Expand Holds on Tax Refunds for Delinquent Taxpayers
June 3, 2014The Internal Revenue Service is considering expanding a program under which it delays tax refunds... Read more »
