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Lower courts have disagreed whether non-willful failure-to-disclose penalties are on per-account or a per-form basis.
June 28 -
The American Institute of CPAs is firing back after a congressional hearing, asking for penalty relief for taxpayers dealing with the pandemic.
November 20 -
Two key U.S. Supreme Court justices indicated they are inclined to uphold the bulk of the Affordable Care Act as the court weighed the fate of a landmark law that provides health-insurance to 20 million people.
November 11 -
The AICPA believes taxpayers will be able to avoid penalties if they write “COVID-19” at the top of their return.
September 15 -
The Internal Revenue Service plans to correct penalties mistakenly levied on employers who reduced their tax deposits because they expected to claim some of the new tax credits to which they’re entitled.
August 24 -
The Internal Revenue Service should make more of a priority of going after tax preparers who haven’t filed their own tax returns or paid their tax liabilities and penalties, according to a new report.
June 15 -
Ask the average business owner if they have a tax shelter and they’d probably have a chuckle while wistfully thinking about how nice it would be to swim in crystal clear waters while their offshore bank accounts grew, unencumbered by state and federal taxes.
April 2Tax & Accounting Professionals business of Thomson Reuters -
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.
December 27Kaplan Financial Education -
Three pieces of IRS guidance have created changes for taxpayers and preparers.
October 3Wolters Kluwer Tax & Accounting -
The Internal Revenue Service is automatically waiving the estimated tax penalty for hundreds of thousands of eligible taxpayers.
August 14