Tax practice

Victims of October's Hurricane Matthew in parts of Virginia may qualify for tax relief, the IRS said.

Tax preparers charge a nationwide average of $114 to prepare a Form 1040 with no schedules.

The Internal Revenue Service has issued final regulations on controlled foreign corporations to provide rules about the treatment of U.S. property held by the CFC in connection with transactions involving partnerships.

A roundup of our favorite recent tax fraud cases.

Republicans on the tax-writing House Ways and Means Committee sent a a letter Thursday to Treasury Secretary Jacob Lew asking him to withdraw the Treasury’s recently proposed regulations on estate and gift taxes.

Internal Revenue Service examiners confront some steep barriers when trying to audit the transfer pricing strategies used by multinational corporations to reduce their taxes, according to a new report.

The Internal Revenue Service convened a meeting of its Security Summit partners in the tax preparation industry and state tax authorities Thursday to discuss additional steps they can take to safeguard tax refunds from identity theft next filing season.

The National Association of Enrolled Agents opposes the recently announced IRS hike on user fees, specifically the proposed six-fold increase in the price of taking the EA Exam.

Whether Hillary Clinton or Donald Trump is elected next Tuesday, there are some tax-planning moves that will make sense for your clients no matter who gets into the Oval Office.

The IRS’s recent Audit Techniques Guide for the Tangible Property Regulations can help business taxpayers avoid problems with IRS examiners in interpreting the 2014 regulations on how to treat expenses incurred for materials, supplies, repairs and maintenance.

The 2017 tax outlook for businesses

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

The Internal Revenue Service is warning against the use of so-called “micro-captive transactions” and similar transactions as potentially abusive.

The Internal Revenue Service has taken steps to improve the offer in compromise process for both taxpayers and the IRS, but it can still do more, according to a new report.

Known to many as a partisan attack dog, Senate Democratic leader-in-waiting Chuck Schumer is plotting to reach across the aisle next year with a pragmatic agenda he insists can get through a bitterly divided Congress.

Grant Thornton has released a collection of Year-End Tax Guides for 2016. Here are 10 of the most important 2016 tax-planning considerations for individuals.

With the 2016 presidential election dominating this fall’s news cycle, you may have overlooked an important and significant celebration—the centennial birthday of the estate tax.

Clients in business for themselves face a host of challenges. How can you best advise clients who already have their hands full making a living on their own?

Employers and small businesses have a new January filing deadline for W-2s, the Internal Revenue Service warned, adding that it must also hold some refunds until Feb. 15.

The Internal Revenue Service said Friday the annual period for renewing a Preparer Tax Identification Number is now underway for tax professionals.