IRS

When damage awards are taxable; avoiding New Jersey taxes; cutting-edge workflow; and other highlights from our favorite tax bloggers.

Unagreed IRS audits are just one area where teaming up can help accountants and tax pros.

The Internal Revenue Service has decided to limit its probe of Coinbase users to those who engaged in transactions of $20,000 or more, according to a court filing.

Boxer Floyd Mayweather Jr. is asking the Internal Revenue Service for a temporary reprieve on his tax debts until he fights Conor McGregor in an upcoming bout.

The Internal Revenue Service is planning to demonstrate an upcoming refresh of its IRS.gov website optimized for mobile users, along with a prototype of online accounts for tax professionals, at its IRS Nationwide Tax Forums this summer.

A federal rule aimed at limiting corporate “earnings stripping’’ for tax-avoidance purposes may pose an undue burden on taxpayers and may be changed or rescinded, according to an Internal Revenue Service notice.

Gathering, organizing and ensuring data consistency, particularly among disparate databases, can be challenging for organizations that are required to submit to the IRS employer reporting under the Affordable Care Act mandates.

The Treasury Department has issued a notice proposing to rescind or modify eight tax regulations under President Trump’s executive order aimed at reducing burdensome regulations.

The Internal Revenue Service and its Security Summit partners in state tax agencies and the tax industry have begun a new education campaign for tax professionals warning them against phishing emails.

Phone-sex workers sue for wages; American sports and betting; 10 states without budgets; and other highlights from our favorite tax bloggers.

Just because you have years of experience in an activity and have made an occasional profit at it doesn’t mean you have a profit motive, according to the Tax Court. And without a profit motive, you don’t get to deduct losses from the activity.

The Internal Revenue Service has created a new section on its IRS.gov website dedicated to information on the Country-by-Country Reporting rules of the Organization for Economic Cooperation and Development’s Base Erosion and Profit Shifting project, which aims to discourage tax avoidance by multinational companies.

Not all tax pros are rejoicing about the court ruling striking down fees for the ID number.

The Internal Revenue Service has opened a probe into the tax-exempt status of a charity funded by pharmaceutical companies, threatening a lifeline the industry uses to help patients buy expensive drugs for cancer, multiple sclerosis and other diseases.

The Electronic Tax Administration Advisory Committee is recommending ways for the Internal Revenue Service to combat tax fraud and identity theft with better cybersecurity.

National Taxpayer Advocate Nina Olson said in a report Wednesday the Internal Revenue Service ran a generally successful filing season this year, but it needs to assign more employees to taxpayer service instead of enforcement.

The new hot thing in tax avoidance has a boring old name: insurance dedicated funds.

‘Nobody likes lawyers;’ attacks on the CBO; so you want to be a tax preparer?; and other highlights from our favorite tax bloggers.

Four Senate Democrats have written a letter to one of the companies hired by the Internal Revenue Service to collect tax debts after complaints that some of its employees encouraged people to use money from their 401(k) retirement funds or take out a second mortgage to pay off their tax debts.

The Internal Revenue Service, along with state tax agencies and the tax industry, is cautioning tax preparers to beware of a new phishing scheme revolving around emails claiming to be from a tax software education provider.