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The average U.S. household is paying an annual surtax of more than $3,000 to subsidize taxpayers who aren’t paying all they owe, a new report from the Taxpayer Advocate Service found.
January 9 -
Avoid some of the problems that can come up during an audit by using the wrong words.
January 8
KBKG -
The Internal Revenue Service’s announcement last month delaying a requirement for reporting partners’ share of partnership capital offers some extra time to busy tax practitioners, but the issue still isn’t going away and may lead to some other problems.
January 7 -
The IRS is concerned that taxpayers are not properly recognizing the gain or loss on partial dispositions of building components.
December 12
KBKG -
The notice delays a requirement for reporting partners’ share of partnership capital.
December 9 -
Technology, declining budgets and other factors are radically changing how and which tax returns get looked at.
November 22 -
Moving to a lower-tax state is more attractive than ever in light of the TCJA's $10,000 cap on state tax deductions.
November 20
PKF O'Connor Davies -
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.
November 13 -
A federal judge indicated he would allow House Democrats to proceed with a lawsuit that seeks to obtain the president’s tax returns from the Treasury Department.
November 7 -
The Internal Revenue Service has a message for companies that owe taxes on overseas profits: Auditors are closely watching.
November 4 -
The Internal Revenue Service isn’t effectively auditing corporations despite a change in how the agency conducts tax examinations that was supposed to make the process more efficient, according to the agency watchdog.
October 24 -
Treasury’s inspector general is investigating how the department handled a request from Congress to turn over President Donald Trump’s tax returns, which was rejected by Treasury Secretary Steven Mnuchin.
October 7 -
Senator Elizabeth Warren’s campaign promise to fund social programs by making America’s wealthiest pay a small percentage of their fortune every year could create a costly and difficult compliance system for both the taxpayers and the IRS.
September 19 -
The Internal Revenue Service isn’t doing enough to audit corporate mergers and acquisitions and is wasting tens of thousands of days on cases that aren’t likely to generate more tax dollars.
September 11 -
The federal government is collecting billions of dollars less than it could because of resource shortages at the tax agency, according to a new study.
August 15 -
French lessons; our tax system, by the numbers; return of the 1099-NEC; and other highlights from our favorite tax bloggers.
August 7
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The U.K. retailer reported a surprise tax bill of almost $750 million, the departure of its financial chief and deepening woes at department-store chain House of Fraser.
July 29 -
The Internal Revenue Service has issued a revenue procedure giving some partnerships extra time to file a Form 1065 and the accompanying Schedule K-1.
July 25 -
IRS audit rates have dropped, but that doesn’t mean clients shouldn’t be prepared.
July 9 -
The Internal Revenue Service tends to impose relatively few accuracy-related penalties during audits of large businesses, according to a new report.
June 7















