Tax regulations

A new notice offers details on how the Tax Cuts and Jobs Act is forcing changes in write-offs for items like job-related cars and moves.

The American Institute of CPAs has sent three recommendations to the Internal Revenue Service about modifying the IRS’s proposed regulations for inventory valuation.

Though all business owners face a variety of barriers when starting and running their companies, restaurant owners must manage a unique set of payroll and HR circumstances.

The American Institute of CPAs has written a letter to the Internal Revenue Service asking the IRS to provide maximum flexibility in its regulations for the new centralized partnership audit regime.

The Internal Revenue Service has issued a revenue procedure providing the 2019 inflation-adjusted amounts for HSAs and high deductible health plans.

A new revenue procedure makes it easier for companies to conform with FASB's revenue recognition standard.

The Internal Revenue Service will provide more clarity in the near future on the Tax Cuts and Jobs Act.

The American Institute of CPAs suggested more than 30 changes to the Internal Revenue Service for the Form 990, Return of Organization Exempt from Income Tax, and its instructions, some of them marked as urgent.

The Internal Revenue Service’s Chief Counsel has issued a memorandum providing advice on unreported tip income, with the caveat that the advice cannot be used or cited as precedent.

The Supreme Court's ruling in Marinello makes it less likely a delinquent taxpayer will be charged with a felony.