IRS

Engagement letters’ fine line; 382 requirements eliminated; owing California; and other highlights from our favorite tax bloggers.

Here’s some advice on how to draft a winning OIC and bring higher acceptance rates to your practice.

The Internal Revenue Service has a message for companies that owe taxes on overseas profits: Auditors are closely watching.

The U.S. Treasury Department plans to pare back regulations championed by President Barack Obama that were intended to prevent American companies from moving profits offshore to avoid taxes.

The Internal Revenue Service and the Treasury Department released a draft version of a proposed tax form to collect information about qualified opportunity zones.

A new IRS revenue procedure offers guidance in a complicated area.

Treasury Secretary Steven Mnuchin said he had no knowledge that his long-time friend and billionaire Michael Milken would benefit from a tax break his agency approved last year for a property in Nevada.

Limits on collection; states’ tax friendliness; write your Chief Counsel; and other highlights from our favorite tax bloggers.

Internal Revenue Service Commissioner Charles Rettig issued an order Friday transferring authority over denials of requests for tax appeals to the IRS’s Office of Chief Counsel, despite recent legislation creating an independent Office of Appeals at the IRS.

The Internal Revenue Service isn’t effectively auditing corporations despite a change in how the agency conducts tax examinations that was supposed to make the process more efficient, according to the agency watchdog.

The Internal Revenue Service is cautioning taxpayers and tax professionals to beware of a new twist on an old scam.

Over the last few years, captive insurance has become the tax shelter du jour for accountants and wealth planners looking to find ways to help their small business owner clients reduce their tax exposures. Now the IRS is cracking down on the scheme.

The problem with pyramids; costs of Medicare for All; advising on education costs; and other highlights from our favorite tax bloggers.

Tax practitioner Bill Nemeth gets ahead of CP2000 letters with artificial intelligence.

The service has joined an international coalition to help nonprofits fight fraud and financial crime.

Numbers that haven’t been used in three years will also expire.

The IRS is now accepting applications and renewals for the tax preparer ID numbers.

The Statistics of Income Division’s latest report looks ahead to a new filing landscape.

Millions fewer people got tax refunds this year under the tax law overhaul that altered rates and paycheck withholding starting in 2018, according to new figures from the IRS.

Passport revocation; lease accounting deadlines; re-routed refund; and other highlights from our favorite tax bloggers.