IRS

Trusts and taxes; recovering revenues; advising clients who needed more than three extra months; and other highlights from our favorite tax bloggers.

IRS Commissioner Chuck Rettig expressed his appreciation to tax professionals Tuesday for their cooperation during the extended tax season that was prolonged by the novel coronavirus pandemic and pledged to deliver any future stimulus payments approved by Congress.

The final IRS and Treasury rules let taxpayers exclude certain income from their GILTI computation.

The coronavirus pandemic has only highlighted the enduring value of land as an investment.

The COVID-19 pandemic has infected the service’s annual list of top tax scams.

A Bitcoin investor in New Hampshire has filed a lawsuit against the Internal Revenue Service after he received a letter from the IRS inquiring about his digital currency holdings.

New York State’s Department of Financial Services issued a report saying five tax prep software companies have been making it difficult for taxpayers to access the free versions of their tax preparation software, even though they belong to the Free File Alliance.

Over a hundred members of Congress are asking the service to resolve a number of issues preventing the remaining Economic Impact Payments from going out.

Renewals and new applications will cost $35.95, down from $40.

A study has found that the last batch of stimulus checks arrived at wealthier, White households more quickly than to those of Blacks and Hispanics.

Nonprofits hospitals have until Dec. 31 to report on their CHNAs.

The Internal Revenue Service said Wednesday it has begun to send letters to taxpayers who are seeing delays in the processing of their Form 7200, Advance Payment of Employer Credits Due to COVID-19.

Even the extra time to file hasn’t been enough for some businesses struggling to pay the government as the pandemic threatens to worsen.

Next round of relief — and infighting; challenges and pitfalls at the IRS; Biden’s ideas; and other highlights from our favorite tax bloggers.

The proposed drafts aim to provide more clarity for partners on how to figure their U.S. income tax liability.

The tax deadline is coming Wednesday after tax season was extended by three months to give taxpayers and preparers more time to deal with the novel coronavirus pandemic, but many of them will be dealing with extensions and amended returns in the months ahead.

NCCPAP’s Stephen Mankowski offers an update on how the service is handling the pandemic.

The Tax Court struck down four more abusive syndicated conservation easement transactions last week, prompting the IRS to call on any taxpayer involved in such transactions who receives a settlement offer from the Service to accept it soon.

A group of five national tax authorities has been working together for the past two years on cooperating in the fight against tax crimes, with one man pleading guilty last week in Germany to fraud charges involving cryptocurrency.

The controls over the pseudonym program used by Internal Revenue Service employees to protect their identities could be improved, according to a recent report.