IRS

The decision hinging on the definition of "inventory" in the sale of a highly valuable position in a U.S. partnership resolved a saga that began 16 years ago.

Six years of the Centralized Partnership Audit Regime have elucidated a central understanding: the provisions present plenty of potential pitfalls for partnerships, partnership representatives and the partners.

Operators of large trucks and buses must file their Form 2290 by Sept. 3.

The Internal Revenue Service and its partners have identified half a dozen steps for safeguarding taxpayer information.

The Treasury Inspector General for Tax Administration found that IRS Tax-Exempt Compliance Unit examiners spent 6.1 hours on average per case in 2023, up 281% from 2020.

Eligible taxpayers can apply between Sept. 4 to Oct. 31

In 2023, 125 violation cases of unauthorized access of tax return data were reported, the highest since 2018 —but instances of disclosure violations remains low.

A useful AMT; refunds of the dead; core-satellite portfolios; and other highlights from our favorite tax bloggers.

The guidance in Notice 2024-63 is for employers that want to employees' student loan payments.

The Treasury Department and the Internal Revenue Service announced that North Carolina will be the latest state to join the IRS Direct File free tax program in filing season 2025.

A new coalition of tax authorities, industry groups and others is combining to stop tax-related schemes.

For a limited time, businesses can fix incorrect Employee Retention Credit claims without penalties or interest.

Organizations looking to claim elective pay for 2023 projects should complete the process in advance, the agency recommends.

Everyone in the state who was affected by the storm now has until Feb. 3 to file and pay.

A new template for a 'Written Information Security Plan' is available for practitioners to meet their mandate.

Crypto moves forward; what to know about gambling; new blog in town; and other highlights from our favorite tax bloggers.

The Treasury Inspector General for Tax Administration said the IRS lacks concrete plans for retiring and replacing legacy IT systems.

The affected by severe storms and flooding in June now have longer to file and pay.

Planners can help savers avoid higher taxes, IRS penalties and Medicare headaches by guiding them through the strict guidelines for the accounts.

There's still room for improvement, say experts.