IRS Provides Guidance on Employee Plans Compliance Resolution System
The IRS has issued a notice providing guidance on the expansion of the Employee Plans Compliance Resolution System (EPCRS). (Notice …
Thomson Reuters Tax & Accounting
Posts by this author
Tax Court: IRS’ Delinquent Tax Debt Designation to State Not Erroneous
The Tax Court has held that a taxpayer’s tax liabilities constituted a “seriously delinquent tax debt” under Code Sec. 7345, and …
Supreme Court: No Notice Required for Third-Party Collection Summons
The IRS wasn’t required to notify third parties about collection summonses sent to three banks, according to a unanimous opinion issued on …
IRS Urges Employers to Protect Themselves By Hiring Trusted Payroll Service Providers
In a May 10 “Tax Tip,” the IRS is stressing to employers the importance of selecting a trusted third-party payroll …
IRS Proposes to Amend Final Regs on Interests in Life Insurance Contracts
The IRS has proposed amending its final rules on interests in life insurance contracts to provide guidance on how the …
IRS Clarifies Reimbursement of Unsubstantiated Medical Expenses Through FSA Included in Gross Income
A IRS Chief Counsel recently addressed an inquiry whether unsubstantiated medical expenses reimbursed by a health Flexible Spending Account (FSA) may be …
More answers
Missouri Announces 2022 Corporation Income Tax Year Changes
The Missouri Department of Revenue has announced corporate income tax year changes, effective for the tax year beginning January 1, …
House Democrat Presses Chinese Ambassador on PCAOB Audit Inspection Deal
With the clock ticking for Chinese authorities to allow the PCAOB to completely inspect and investigate accounting firms in China …
House Appropriators Boost IRS, Treasury Funding for 2023
The Appropriations Committee in the House of Representatives on June 24 approved the fiscal 2023 Financial Services and General Government …