Tax News from Accounting Today

Taxpayers waited about 20 months for the IRS to process their identity theft cases in recent years, frustrating and burdening taxpayers expecting tax refunds.

Recent tax law changes are prompting businesses to rethink entity structures. Here's what financial advisors need to know when guiding clients or making decisions about their own RIAs.

The Internal Revenue Service issued its annual notice setting the daily rates that business travelers can use when deducting their expenses.

The tax and audit world is in the middle of an artificial intelligence gold rush. But just like the race to tame the West, some outlaw behavior is emerging.

Capital investment booming; lawsuits may be incoming; offer in compromise is real; and other highlights from our favorite tax bloggers.

The Internal Revenue Service doesn't adequately track its use of bridge contracts, a type of noncompetitive contract, even though it's spending billions on information technology through such contracts.

The Internal Revenue Service attracted nearly 13,000 attendees to its Nationwide Tax Forums, which wrapped up last week in San Diego.

The Fifth Circuit has changes its mind on who is a limited partner for self-employment tax purposes.

Filed and Crimson Tree have joined forced to launch the Open Tax Technology Alliance, which promotes open source software in the accounting space. The group has also released a free tax engine and open data standard.

State-level estate taxes can be imposed at much lower thresholds. From domiciles to the timing of moves, here's what financial advisors should keep in mind.

The Internal Revenue Service issued a warning about promoters selling fraudulent "Tribal Tax Credits" that don't actually exist under federal law.

The IRS needs to take further steps to improve its security program deficiencies, according to a new report.

If your firm is struggling to staff an advisory practice, it's worth asking whether an EA could be the ideal candidate you're overlooking.

Millions on OnlyFans; 'Administrative Expenses;' cookie decorating class; and other highlights of recent tax cases.

The National Association of Tax Professionals is asking Senate Finance Committee leaders to prod their colleagues to take up the wide-ranging legislation.

The Internal Revenue Service is making progress on its efforts to move all taxpayers toward electronic payments, but still faces barriers.

If the non-filing was innocent, the strategy may be civil. If it was willful, the strategy may need to begin with criminal tax counsel.

The House Ways and Means Committee held a markup session to consider the Digital Asset Tax Certainty Act, EFIN Verification Act and FULL HOUSE Act.

If your clients carried federal tax debts through the pandemic, the interest deserves a second look.

Trump dividend; tax ballot season; compliance challenges; and other highlights from our favorite tax bloggers.