IRS

The Internal Revenue Service is giving eligible farmers and ranches four years to replace drought-stricken livestock, rather than two.

Those affected by the storm now have until Feb. 3 to file and pay their taxes.

The IRS failed to address literally tens of thousands of unresolved security vulnerabilities, according to the Treasury Inspector General for Tax Administration.

The 7217 is designed to report the basis of all distribution of property that a partner receives from a partnership in a non-liquidating or liquidating distribution.

In Notice 2024-72, the IRS adding to the relief granted last year.

Saying 'yes' too much; M&A mania; partners' income spread; and other highlights from our favorite tax bloggers.

On the same day the AICPA sent a letter asking for immediate tax relief, the IRS announced widespread relief for the hurricane's victims.

The program will allow the representatives of a large business to share a mailbox to communicate with Appeals office employees.

Third-party payers like payroll providers can now withdraw claims for individual clients.

Your Part-Time Controller appoints chief growth officer; LBMC launches family law support services practice; and more news from across the profession.

Relative accuracy; biggest cyberthreats; end-of-year meetings; and other highlights from our favorite tax bloggers.

The Internal Revenue Service is postponing filing and payment deadlines for those impacted by the tropical storm.

The IRS is reminding tax pros and employers that the window for voluntarily disclosing incorrect ERC claims is Nov. 22.

Rev. Proc. 2019-48 lays out the new rates for taxpayers who don't want to substantiate their actual expenses.

NASBA selects executive vice president; KPMG releases 2024 CEO Outlook Survey; and more news from across the profession.

The Internal Revenue Service needs to do more to get ready for new reporting requirements on the Form 1099-K and 1099-DA, according to a new report.

National Taxpayer Advocate Erin Collins issued a mea culpa admitting to the findings of a recent report faulting the Taxpayer Advocate Service that she runs for slow responsiveness to taxpayers.

The Internal Revenue Service cautioned taxpayers to steer clear of promoters who claim their services are needed to handle unpaid debts, saying such businesses often charge excessive fees and often produce no results.

The Internal Revenue Service has proposed guidance on the credit, which was modified by the Inflation Reduction Act.

Three people shared the award after disclosing an offshore tax-evasion scheme that spanned 15 years, enabling the IRS to collect $263 million from an unidentified individual.