Tax regulations

A recent ruling by the Tax Court might help soften the blow to employers confronted with income tax liability for workers that have been reclassified as employees.

The Internal Revenue Service has released a revenue procedure that offers an easier way to get an extension of time to file a return to opt for portability of the deceased spousal unused exclusion amount.

The American Institute of CPAs has sent a list of six tax regulations to Treasury Secretary Steven Mnuchin that it wants the Treasury Department to review under an executive order from President Trump calling for reducing overly burdensome tax regulations.

The Internal Revenue Service recently published an update to Publication 5146, Employment Tax Returns: Examinations and Appeal Rights, explaining the procedures IRS auditors use to conduct employment tax examinations and an employer’s rights and responsibilities during and after the examination process.

Taxpayers were required to file disclosures of so-called “micro-captive transactions” with the Internal Revenue Service by the beginning of this month, and many of them found it wasn’t so easy.

The Internal Revenue Service released the 2018 inflation-adjusted limitations for health savings accounts Thursday.

The Internal Revenue Service has released a revenue procedure that provides guidance on several aspects of the Protecting Americans from Tax Hikes Act of 2015, including the expensing of section 179 property, the additional first-year depreciation deduction, and the qualified Indian reservation property depreciation provision.

The president is signing an executive order Friday directing Treasury Secretary Steven Mnuchin to review any significant tax regulations from last year, especially those that might burden Americans.

The Office of Professional Responsibility is trying to expand its authority over preparers – and running into opposition.

The Internal Revenue Service has issued a notice explaining how small businesses can take advantage of a new option allowing them to apply a portion or all of their research credit against their payroll tax liability, instead of their income tax liability.