Tax forms

The Internal Revenue Service began accepting tax returns on Monday for tax season, while the Treasury Inspector General for Tax Administration highlighted the results of last year’s tax season.

The Internal Revenue Service did a good job last tax season dealing with the many changes in the tax law, despite the 35-day government shutdown, but it still needs to improve its dealings with taxpayers who have limited proficiency with the English language, according to a new report.

The Internal Revenue Service unveiled an enhanced Tax Withholding Estimator on its website Tuesday, designed to help workers fill out the new W-4 withholding form and hopefully avoid the problems seen last year when many taxpayers found themselves owing more taxes or receiving less of a tax refund than they expected.

The brand-new withholding form for 2020 will present taxpayers with challenges, and tax pros with opportunities, says ADP's Pete Isberg.

For tax year 2018 filings, the IRS made a drastic change to the Form 1065, U.S. Return of Partnership Income, that went unnoticed by most practitioners.

New guidance, rules and enforcement efforts from the IRS aim to improve cryptocurrency reporting.

The tax break included in the Tax Cuts and Jobs Act that encourages real estate investors to develop projects in economically distressed communities in exchange for deferring capital gains taxes for years has come under fire for not living up to its promise.

Here’s some advice on how to draft a winning OIC and bring higher acceptance rates to your practice.

The Internal Revenue Service and the Treasury Department released a draft version of a proposed tax form to collect information about qualified opportunity zones.

Companies will commission a cost segregation study, but its analysis never gets implemented on the tax return.

The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, exchanged or acquired cryptocurrencies such as Bitcoin or Ethereum.

Greatland Corporation, a Michigan-based specialist in wage and income reporting solutions for W-2, 1099 and 1095 forms, has acquired New Jersey-based JAT Software Inc.

The service is looking for comments on the proposed forms within 30 days.

The Treasury Department and the Internal Revenue Service have released on Friday a redesigned Form W-4 for tax year 2020, making a number of changes to earlier draft versions of the form after hearing complaints from tax professionals.

The IRS is looking for Form 2290 from heavy-vehicle users.

The Internal Revenue Service has resurrected an information return that hasn’t been used since the early 1980s.

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.

The Internal Revenue Service has posted a draft version of a new tax return for senior citizens, as well as a new draft version of the Form 1040 for 2019 that taxpayers and practitioners will be filing next year.

Substantial changes in the regulations for the new global intangible low-taxed income could mean that many more amended K-1 schedules will be necessary for tax practitioners this year.

The Internal Revenue Service is allowing employers to truncate taxpayer identification numbers to protect employees from identity theft.