IRS

Senate Finance Committee leaders introduced bipartisan legislation with changes to IRS procedures and administration, and standards for tax preparers.

The confusion over pending Employee Retention Credit claims is bad. The situation for disallowed claims is much worse.

The IRS issued Recovery Rebate Credits for the pandemic to nearly 301,000 ineligible taxpayers, many of whom were either immigrants or received extra payments.

The Institute asked for guidance from the IRS and the Treasury on the Trump Accounts for newborns as well other provisions of the One Big Beautiful Bill Act.

The IRS introduced a new web page where taxpayers can confidentially report suspected tax fraud schemes, scams, evasion or other tax-related illegal activities.

Proposed regulations will affect the determination of taxable income or loss and foreign currency gain or loss with respect to a qualified business unit.

The latest data from the Internal Revenue Service on the current tax season shows the size of refunds significantly outpacing last year.

Only a few state governments are ready to transition out of the IRS FIRE system and into its new IRIS system next year.

Next year, the IRS will retire its FIRE e-filing system and intro its new IRIS system. Tax practitioners need to make sure their vendors are ready for the changeover.

Cryptocurrency disposals; cosmetic compliance; paper or plastic; and other highlights from our favorite tax bloggers.

Paid tax preparers can make serious errors on tax returns, according to a report from the Government Accountability Office that recommends better oversight.

The IRS and the Treasury released interim guidance on a special depreciation allowance for qualified production property under the One Big Beautiful Bill Act.

TIGTA found that thousands of the IRS's new hires in 2024 did not receive equipment or performance expectations in a timely manner.

The American Institute of CPAs is asking the Treasury and the IRS for further guidance on the rules for deducting domestic research and development expenses.

President Trump has been given a deadline of next week to respond to claims that his $10 billion lawsuit against the IRS poses a glaring conflict of interest.

The IRS handed out a hefty tax break to large corporations, ensuring that President Trump's lucrative R&D deduction doesn't increase their tax bills.

Taxpayers on average collected $2,290 in refunds through Feb. 6, according to IRS data.

Free File program; state tax changes; college costs climbing; and other highlights from our favorite tax bloggers.

The IRS can broaden the audit, and, in the wrong fact pattern, frame the issue as deliberate concealment rather than poor recordkeeping.

The Institute is asking the Treasury and the Internal Revenue Service to simplify the "determine and document" requirement for taxes charged to CFCs.