IRS

Letters from the service will alert taxpayers that they may need to do more to self-certify as a QOF.

Extending the season; rebuilding revenues; taxes on the citizens’ test; and other highlights from our favorite tax bloggers.

The American Institute of CPAs has joined with over 560 business and trade organizations in urging Congress to pass legislation.

Starting in January, the six-digit numbers will be available to everyone, not just those who have suffered from identity theft.

Scams of the season; the size of the IRC; how to market next year; and other highlights from our favorite tax bloggers.

The service also estimates that more than 90 percent of individual returns were efiled this year.

A group of 25 Democrats in the House wrote to congressional leaders asking them to provide $12.1 billion in funding for the Internal Revenue Service, including $5.2 billion for enforcement, with an eye toward cracking down on high-income tax cheats.

Changes for the year; partnerships’ reporting; building your brand; and other highlights from our favorite tax bloggers.

The rules address the definition of real property, and how to handle personal property included in an exchange.

The service has launched a partnership to improve by understanding itself better.

With a CARES Act fix stalled along with stimulus legislation, the institute is urging CPAs to put pressure on their representatives.

The American Institute of CPAs is firing back after a congressional hearing, asking for penalty relief for taxpayers dealing with the pandemic.

In its annual report, the advisory council offered recommendations on 26 issues.

The top Republican and Democrat on the Senate Finance Committee said the Treasury Department “missed the mark” in new guidance that limits tax breaks for businesses that get their Paycheck Protection Program loans forgiven.

The Internal Revenue Service reminded taxpayers Thursday that they only have until Nov. 21 at 3 p.m. Eastern Time to register for an Economic Impact Payment of $1,200 or more.

The guidance clears up the tax treatment of expenses when a loan from the Paycheck Protection Program hasn’t been forgiven by the end of the year.

The enforcement push comes after years of persistently low examination rates.

The pandemic is throwing a monkey wrench into plans for the Internal Revenue Service to reorganize itself to provide better taxpayer service.

But the IRS would need more resources, writes Natasha Sarin, an assistant professor of law at UPenn.

Biden and Trump tariffs; e-commerce and the holiday season; afterlife; and other highlights from our favorite tax bloggers.