IRS

Late receipt of wage reporting documents is reducing the capabilities of a new system for deterring tax cheats.

The Internal Revenue Service may be changing Schedule UTP, the Uncertain Tax Position Statement, which corporate taxpayers file with their Form 1120 tax returns, because it doesn’t contain enough information to be useful in compliance efforts, according to a new report.

The IRS has relief for those affected by the storm in the U.S. Virgin Islands and Puerto Rico.

The service’s annual list of the worst tax scams, frauds and general bad behavior.

The leaders of a congressional subcommittee overseeing the Internal Revenue Service released draft legislation to overhaul the IRS for the first time since 1998.

The decline in the number of IRS criminal investigators has led to a drop in cases sent to the Justice Department.

The new authentication process that was installed after a big data breach still isn’t protecting taxpayer info.

The $1.3 trillion omnibus appropriations bill passed by Congress last week includes some modifications to the Internal Revenue Service’s centralized audit regime for auditing large partnerships.

The Internal Revenue Service warns virtual currency users they need to disclose gains on their tax returns.

CliftonLarsonAllen collaborates with Wall Street Blockchain Alliance; Batts Morrison Wales & Lee opens Plano office; and more news from CPA offices across the country.

The National Association of Enrolled Agents sent a letter to members of Congress’s tax-writing committees calling for a series of changes at the Internal Revenue Service.

The Internal Revenue Service cautioned practitioners to be on the alert for the re-emergence of a cybercriminal scam that is helping fuel a dramatic uptick in reports of stolen information from firms.

The omnibus appropriations bill that lawmakers are expected to approve ahead of a Friday deadline to avoid a government shutdown includes extra money for the Internal Revenue Service to implement the Tax Cuts and Jobs Act, while changing a provision in the TCJA that advantaged farm cooperatives over other types of grain companies.

The high court, in a 7 to 2 decision, ruled in favor of a business owner who didn't file taxes and destroyed some of his banking records, finding the omnibus obstruction clause in the Tax Code was overly broad.

The Supreme Court declined to hear a case involving a Colorado cannabis business that refused to cooperate with an Internal Revenue Service audit and turn over business records.

More rush regulation; figuring reasonable compensation; software versus you; and other highlights from our favorite tax bloggers.

Taxpayers who were wrongly imprisoned will have more of an opportunity to take advantage of a tax break that Congress recently approved.

The Internal Revenue Service is cautioning tax professionals to safeguard their information from identity thieves.

The Internal Revenue Service said Friday it’s ready to process tax year 2017 returns claiming four additional tax benefits recently renewed retroactively into law, including tax breaks related to energy conservation and production.

Preparers and their clients often cannot recognize quality differences among service providers, leading to buying decisions based on who proposes the lowest fee or promises the highest tax benefit.