IRS

The Internal Revenue Service is seeking information from more taxpayers who hold virtual currency like Bitcoin, but in a ruling last week, a judge ordered the IRS to limit its summons for information from one cryptocurrency exchange, Bitstamp

The Internal Revenue Service and the Treasury Department released their final regulations on two major international tax provisions, the Foreign Tax Credit and the Base Erosion and Anti-abuse Tax (BEAT), which was included as part of the Tax Cuts and Jobs Act.

New guidance, rules and enforcement efforts from the IRS aim to improve cryptocurrency reporting.

Tech trends; one cost of cutting ID theft; prime states for Wayfair challenges; and other highlights from our favorite tax bloggers.

The Internal Revenue Service updated its guidance for business travelers and their employers on the per diem rates for substantiating expenses, in light of the changes in the Tax Cuts and Jobs Act.

Preparations for you and your clients to make before Dec. 31

The service intends to make the criminal background checks and tax compliance checks it performs more consistent, with more up-to-date fingerprint information from the FBI.

Neil Fishman of the National Conference of CPA Practitioners shares the main issues that tax preparers should be paying attention to as the next filing season approaches.

Final regulations confirm that individuals who take advantage of the increased gift and estate tax exclusion amounts that are in effect from 2018 to 2025 under the Tax Cuts and Jobs Act won’t be adversely affected after 2025.

Technology, declining budgets and other factors are radically changing how and which tax returns get looked at.

In its annual report, the advisory committee also sees a need for more TCJA guidance.

Sexism in the code; partner unity; third parties preparing returns; and other highlights from our favorite tax bloggers.

Rev. Proc. 2019-46 reflects changes from the Tax Cuts and Jobs Act.

Accounting firm owners and partners who did not get their own tax returns in on time face losing their licenses, being expelled from their professional societies, losing their livelihoods and possibly being imprisoned.

The Internal Revenue Service is expanding its efforts to ensure businesses and individuals are paying their taxes, particularly payroll taxes, with in-person visits planned by revenue officers to more parts of the country, starting recently in Wisconsin and later this month Texas and Arkansas.

Internal Revenue Service Commissioner Chuck Rettig told an audience of tax professionals and accountants that he wants to hear from them about the impact of the far-reaching IRS reform legislation that Congress passed earlier this year.

A little-noticed decision by the Internal Revenue Service’s appeals unit may spell trouble for legendary investor Jim Simons, who’s embroiled in a multibillion-dollar tax dispute with the agency.

The Treasury Department is planning to issue regulations restricting how hedge fund managers can claim a valuable tax break early next year.

Certain land donation deals that get hefty tax deductions will be under tighter scrutiny from Internal Revenue Service auditors.

Warren and realism; how partners slide; protecting clients’ cards; and other highlights from our favorite tax bloggers.