The IRS published final regulations that scrap the proposed funding rule and ease compliance for M&A deals, preferred stock, and netting provisions.

The 1040X isn’t hard. There are three columns: column A is the original figure from the first return, column B is the change ...

Stephanie Murrin underpaid her taxes from 1993 to 1999 because her tax preparer, Duane Howell, placed false or fraudulent entries on her tax returns with an intent to evade tax. Murrin did not intend ...

The notice provides an optional interim simplified method of determining whether a corporation is an applicable corporation for purposes of the corporate AMT and relief from the Sec. 6655 penalty for ...

Taxpayers who make frivolous arguments in Tax Court risk the imposition of penalties by the court of up to $25,000.

The IRS may grant a reasonable extension if the taxpayer provides satisfactory evidence of acting reasonably and in good ...

The plan’s promised enhancements include improving claims submittal and processing and communication with whistleblowers.

During a session at the AICPA National Tax Conference, the national taxpayer advocate said the IRS will start applying ...

It will take weeks — and probably months — for the Internal Revenue Service to return to full operations after the longest federal government shutdown in U.S. history. Experts said the agency has a ...

These days, we’re all trying to protect our identity from nefarious characters. We regularly have conversations with some of our clients about how they have been contacted by fraudulent characters.

Get any of our free daily email newsletters — news headlines, opinion, e-edition, obituaries and more. The IRS plan to permanently close the Taxpayer Assistance Center in Bozeman would be a huge loss ...

IRS letters decoded: A visual of the AI assistant tax GPT from Edward Parsons, CPA, transforming complex IRS notices into clear, plain-English steps IRS notices surge in 2025; CPA builds AI tool, like ...