Tax

The Internal Revenue Service is restructuring the framework of its Security Summit public-private partnership to fend off tax-related identity theft.

The new office will oversee the Return Preparer Office and the Office of Professional Responsibility, starting June 28.

Proposed regulations would limit the ability of tax-exempt organizations to pay high compensation and parachute payments to top executives.

The Internal Revenue Service announced a series of hiring events for entry-level customer service reps and tax examining technicians.

Oh snap; blood-testing lab; warning letters; and other highlights of recent tax cases.

Millions of taxpayers may be potentially entitled to COVID penalty and interest relief and need to preserve that right.

In divestitures, tax does more than optimize a chosen structure. Tax influences whether a deal perimeter, legal entity structure, diligence story and separation plan are workable.

A budget analyst estimated about 5,100 properties would have been eligible for the tax, generating between $9.2 million to $21.4 million in its first year.

The administration won't move forward with the fund, a key pillar of the agreement with the IRS and Treasury Department over leaks of Trump's tax information.

The Department of Justice will still provide immunity from any probes into the president's past tax filings under a deal agreed to last month.