Tax regulations

The American Institute of CPAs sent a comment letter to the Treasury Department and the Internal Revenue Service objecting to guidance on basis-shifting involving partnerships and related parties.

The new rules require that certain syndicated conservation easements must be reported to the IRS.

The program will allow the representatives of a large business to share a mailbox to communicate with Appeals office employees.

Third-party payers like payroll providers can now withdraw claims for individual clients.

The IRS is reminding tax pros and employers that the window for voluntarily disclosing incorrect ERC claims is Nov. 22.

Rev. Proc. 2019-48 lays out the new rates for taxpayers who don't want to substantiate their actual expenses.

The Internal Revenue Service issued final regulations on consistent basis reporting between an estate and a person acquiring property from a decedent.

The Internal Revenue Service issued a notice on Friday excluding from gross income the value of any tribal general welfare benefit.

The Internal Revenue Service and the Treasury issued proposed regs on the Corporate Alternative Minimum Tax.

Find out more about the latest guidance and procedure changes out of the IRS and what they mean for the industry at large.