Organization Root Tag

The service issued preliminary guidance and intends to issue more detailed guidance soon on the tax treatment of nonfungible tokens.

The organization is making plans for easing multinational companies and government tax authorities into its Pillar Two requirements.

The service lays out what can — and what can't — be paid for with medical savings accounts when it comes to nutrition, wellness, general health and more.

The Ministry of Finance said it found 'serious audit deficiencies' in the Big Four firm's audits of Huarong of troubled bad-debt manager Huarong.

The IRS system will be down for most of the morning for routine maintenance.

Some professionals are predicting that the IRS will start looking more closely at the willful versus nonwillful standard in filing the form late or incorrectly. 

Every year without fail, cybercriminals take advantage of tax season to steal money from innocent people trying to be good citizens.

The commission released several proposals all aimed at bolstering different aspects of cybersecurity in the securities market.

The EU is appealing a defeat inflicted by a lower court that overturned a decision to force the ecommerce firm to pay back $265 million of tax breaks regulators had deemed unfair. 

The agency had scaled back audits of all taxpayers between 2010 and 2019, with the total audit rate falling to 0.25% from 0.9%.

The service is largely blaming third-party promoters, but it's putting some of the burden of fixing the problem on tax preparers.

The IRS did not meet a requirement under the Taxpayer First Act to create an online system for processing business transcript requests by January 2023, according to a new report.

The Big Four firm gave a clean audit opinion to Silicon Valley Bank's parent company and Signature Bank only weeks before they failed.

Investors and analysts had complained that the existing disclosures don't offer enough information.

While the court's ruling in Bittner v. U.S. is considered taxpayer-favorable, there are issues to consider as you dig into the findings.

A marked increase in staffing shortages at auditing firms has resulted in significant setbacks to complete issuers' financial disclosures, S&P said in a report.

The IRS notified the pharmaceutical giant that it owed $3.6 billion for the 2010-2012, and demanded $5.1 billion more for 2013-2015.

E-help with CP notices; low-cost compliance; still learning from Eisenhower; and other highlights from our favorite tax bloggers.

Shady operators and questionable calculators make the Employee Retention Credit a risky area for practitioners.

The service provided some leeway on foreign income reporting requirements to people who needed to flee Ukraine, China, Belarus, Iraq, Ethiopia and Mali.