IRS

The National Society of Accountants wants the Internal Revenue Service to provide a six-month extension for businesses to opt to be treated as S corporations for this year, arguing the current deadline of March 15 is too soon to make a decision given the uncertainty surrounding the new tax law.

When 2018 taxes are due in April 2019, millions of Americans could find themselves owing the government far more than was withheld. Millions of others could find they paid too much in 2018, resulting in unusually large refunds.

The Internal Revenue Service’s Office of Professional Responsibility is changing how it handles probes of practitioners who may have violated Circular 230 rules.

Implications of Kill Quill; Oscar, Oscar, Oscar; Sec. 199A questions; and other highlights from our favorite tax bloggers.

Treasury Secretary Steven Mnuchin’s plan to fix a gaping loophole for hedge funds in President Donald Trump’s new tax law could face legal challenges.

The Internal Revenue Service’s announcement that it plans to issue regulations clarifying the limitations on carried interest aims to head off a flurry of activity aimed at getting around a provision of the Tax Cuts and Jobs Act.

Despite legislation in 2015 giving the tax agency more time to double-check returns claiming the EITC and the ACTC, the process often doesn't work.

The U.S. Department of Treasury and the Internal Revenue Service issued guidance seeking to close a loophole that hedge-fund managers had been trying to exploit to avoid paying higher taxes on carried-interest profits.

The Internal Revenue Service wants taxpayers to make sure they have the proper amount of taxes taken out of their paychecks.

The Internal Revenue Service has issued a notice extending the relief it provided last year to residents who evacuated or couldn’t return because of the damage caused by the monster storms.

He who must be named; what’s changing and what isn’t; spins of the Coin; and other highlights from our favorite tax bloggers.

Tax professionals are looking to the IRS for guidance on the new Section 199A.

The Internal Revenue Service is beginning to release tax refunds for taxpayers who claim the Earned Income Tax Credit or the Additional Child Tax Credit after subjecting their tax returns to some extra scrutiny.

Keeping employees from being mislabeled as independent contractors hasn't been a big priority, according to a report from the Treasury Inspector General for Tax Administration.

Final regulations have been released for how to avoid the centralized way the IRS can now examine large firms.

The IRS is reminding farming and fishing taxpayers of a helpful rule.

The software maker's results contrast with preliminary data from the Internal Revenue Service.

What does it take to get into the 1 percent? The price of admission is an adjusted gross income—basically, what you make before deductions—of $480,930.

The Internal Revenue Service is prepared to handle three popular provisions that had expired for 2017 but were recently given new life by Congress.

Changes to the tax code may restrict growth in philanthropy to U.S. higher education to less than 6 percent this year, according to a report this week from Moody’s Investors Service.