Treasury Department

CPAs and EAs are raising objections to the draft version of the Employee’s Withholding Allowance Certificate.

U.S. Treasury Department rules outlining which businesses structured as S corporations, partnerships and limited liability companies can claim a 20 percent tax deduction are likely to be delayed until the end of July, according to a senior administration official.

The draft version of the streamlined form tries to deliver on one of the promises of the tax simplification effort, but adds more schedules.

National Taxpayer Advocate Nina Olson released her mid-year report to Congress Wednesday, spotlighting her top areas of concern, particularly how the new tax overhaul will be implemented.

The short form would fulfill one of the promises of last December’s tax overhaul.

The Internal Revenue Service and the Treasury Department are going to amend the Section 987 regulations to postpone them for another year.

Private universities won’t be taxed on unrealized income from their billions of dollars in assets before the levy was approved.

The Internal Revenue Service said Friday it plans to issue regulations may limit the impact of a new excise tax on the endowments of private colleges and universities under the new tax law.

The National Association of Black Accountants has announced its 2018 national and regional award winners.

Many of the biggest beneficiaries of President Donald Trump’s tax overhaul haven’t even been born yet.

This handful of changes from the Tax Cuts and Jobs Act may call for more guidance from the Treasury.

The Internal Revenue Service and the Treasury Department are asking the public to recommend items that should be included on their 2018-2019 Priority Guidance Plan, with the expectation that the new tax law will be at the top of the list.

The Internal Revenue Service said it would give U.S. taxpayers an extra day to file their returns electronically after a computer malfunction disrupted the agency’s website.

The Internal Revenue Service and the Treasury Department say the Tax Cuts and Jobs Act will require hiring the equivalent of 1,734 full-time employees over the next two years.

White House OMB head Mick Mulvaney will be able to weigh in as the Internal Revenue Service clarifies dozens of the new tax law’s provisions.

The Internal Revenue Service knocked down one way for hedge fund managers to dodge restrictions in President Donald Trump’s tax law. But for some managers, there’s still a way out.

The institute is asking for immediate info about the disallowance of some popular write-offs.

The Internal Revenue Service and the Treasury Department have issued details about the withholding on the transfer of non-publicly traded partnership interests by foreign persons under the Tax Cuts and Jobs Act, along with guidance on the “transition tax” on the untaxed earnings of overseas subsidiaries of U.S. companies.

The European Union published proposals Wednesday for a 3 percent Digital Turnover Tax on the European B2B revenues of digital giants such as Google, Apple, Facebook, Amazon (termed GAFA in Europe), Uber and Airbnb.

The Treasury Department issued a strongly worded statement in response to a report from the Organization for Economic Cooperation and Development.