IRS

Taxpayers can now conduct all interactions digitally and the service says that it is better equipped to address tax evasion and scams.

The decision hinging on the definition of "inventory" in the sale of a highly valuable position in a U.S. partnership resolved a saga that began 16 years ago.

Six years of the Centralized Partnership Audit Regime have elucidated a central understanding: the provisions present plenty of potential pitfalls for partnerships, partnership representatives and the partners.

Operators of large trucks and buses must file their Form 2290 by Sept. 3.

The Internal Revenue Service and its partners have identified half a dozen steps for safeguarding taxpayer information.

The Treasury Inspector General for Tax Administration found that IRS Tax-Exempt Compliance Unit examiners spent 6.1 hours on average per case in 2023, up 281% from 2020.

Eligible taxpayers can apply between Sept. 4 to Oct. 31

In 2023, 125 violation cases of unauthorized access of tax return data were reported, the highest since 2018 —but instances of disclosure violations remains low.

A useful AMT; refunds of the dead; core-satellite portfolios; and other highlights from our favorite tax bloggers.

The guidance in Notice 2024-63 is for employers that want to employees' student loan payments.