Werfel Announces Leadership Restructuring Coming in Early 2024 IRS Commissioner Danny Werfel, in News Release 2023-237, announced his plans to restructure the leadership at the agency. The new …
IRS to Issue Proposed Regs Addressing the Pillar Two GloBE Model Rules The IRS has announced that it will issue proposed regs addressing how certain Code provisions, including the foreign tax credit …
Proposed Reliance Clean Vehicle Credit Regs Discuss Foreign Entity of Concern Rules The IRS has issued proposed reliance regs that would provide guidance regarding the excluded entity provisions with respect to the Code …
Tax Court Revisits Test for Timely Supervisory Penalty Approval The Tax Court has determined that written supervisory approval for the accuracy-related penalties at issue was timely. The tax compliance …
IRS Issues Modernized E-File Testing Guidelines for 2024 The IRS issued an October 2023 version of Publication 5078, Assurance Testing System (ATS) Guidelines for Modernized e-File (MeF) Business Submissions, …
Tax Court: No Interest Is Paid on Whistleblower Awards The Tax Court has held that Code Sec. 7623(b) does not provide for the payment of interest on a mandatory award to …
IRIS Launches 2024 Filing Season On January 10 During the January 4 IRS payroll industry call, the IRS announced that the 1099 filing platform, the Information Return Intake …
Child Tax Credit Bill Has One Fatal Flaw, Nonprofit Says A recent legislative proposal introduced by a cohort of Senate Democrats to permanently restore the now lapsed expanded child tax …
Werfel Notes ERC Process as Example of Digital Return Filing/Processing Benefits IRS Commissioner Daniel Werfel’s April 16 testimony before the Senate Finance Committee on the tax filing season and IRS budget illustrated …