Tax practice

Highlights of some of our favorite tax-related blogs from the past week.

In July 2011, in response to growing public concern over employment-related identity theft, the Treasury General for Tax Administration announced that the Internal Revenue Service could do more to assist taxpayers by informing them if fraudulent income was being reported under their social security numbers.

Small businesses in the U.S. on average pay an extra $5,128 in taxes to make up for revenue lost to the use of offshore tax havens by multinational corporations, according to a new study.

The Internal Revenue Service alerted tax professionals Tuesday that over the next five weeks, it will send letters to some users of its online e-Services products informing them they will either have to go online or call the e-Services e-Help Desk to validate their identities, as part of the IRS’s battle against identity theft.

A request by the Internal Revenue Service for user data from a bitcoin exchange highlights simmering tensions between compliance and customer privacy for financial institutions and will test how those demands are balanced in the young field of cryptocurrency.

Boeing Co. received an illegal tax break from Washington state as part of $8.7 billion in aid to assemble the 777X and manufacture the jetliner’s carbon-fiber wing there, the World Trade Organization said.

A roundup of our favorite recent tax fraud cases.

The minimum amount of contact between a taxpayer and a state that allows the state to tax the business on its activities is under attack as states seek to broaden its reach.

Tax professionals face a host of new issues for next tax season, starting right now

The Securities and Exchange Commission’s comment letters to public companies on their tax disclosures are prompting better tax compliance, according to a new study.

The Tax Court has allowed the entire amounts of $4 million and $7.3 million paid to sons of the founders of a concrete contracting business deductible as reasonable compensation.

The Internal Revenue Service has created a new Fast Track Mediation program to resolve collection cases and issues more quickly for taxpayers with outstanding tax debts.

Highlights of some of our favorite tax-related blogs from the past week.

Donald Trump’s charitable foundation said on an Internal Revenue Service filing that it violated rules preventing leaders of nonprofit organizations from using a charity’s money to benefit themselves or other “disqualified” people.

Donald Trump’s incoming administration may decide to make some changes in tax policy for household employers and employees, including an idea that Trump credited to his daughter Ivanka to allow parents to deduct childcare expenses from their taxes.

How the new deadline for Form 1065 will affect businesses and individuals.

In the aftermath of Donald Trump’s election, the American Institute of CPAs has drawn up a list of tax reform priorities for the incoming administration.

When Credit Suisse AG pleaded guilty in 2014 to helping Americans cheat on their taxes, it promised to help the U.S. root out suspicious accounts. Now, U.S. investigators want to know why the Swiss bank neglected to tell them about $200 million in undeclared assets owned by an American client, according to people familiar with the matter.

The prospects for tax reform in an incoming Trump administration with a Republican-dominated Congress appear more likely, but that’s assuming Congress will be able to get over its traditional dysfunction.