Tax regulations

The Internal Revenue Service posted a frequently asked questions page about the recently announced delay in tax filing and payments until July 15 because of the novel coronavirus pandemic.

The relief is only for income taxes, and doesn't change any filing deadlines.

As you’re gathering documents this tax season and preparing personal tax returns, you may come across clients who have employed domestic help in the past year.

The service issued final regs to increase the OIC application fee to $205, while offering another way to waive the fee for low-income taxpayers based on their AGI.

Here are some of the significant disclosure items that are either already required, or will be required, for next filing season.

The Internal Revenue Service is giving holders of foreign retirement trusts an exemption from some of the information reporting requirements, along with the abatement of penalties.

The American Institute of CPAs has submitted comments to the Internal Revenue Service and the Treasury Department asking them for more guidance on the qualified business income deduction in the Tax Cuts and Jobs Act.

A brewing fight about which country has the right to tax some of the world’s most profitable companies, including Facebook Inc. and Alphabet Inc.’s Google, could devolve into a multi-front trade war, regardless of whether President Donald Trump is still in the White House.

The Internal Revenue Service is confronting challenges with administering and ensuring compliance with the business provisions of the Tax Cuts and Jobs Act, although it has made a considerable amount of progress in implementing them, according to a new government report.

The justices let stand an appeals ruling that precluded a tax refund to movie producers, deferring to an IRS regulation that ended the common-law mailbox rule for refund claims, even though Clarence Thomas reversed his position on an earlier case.