Partnerships Get Penalty Relief for Failure to Furnish Payee Statements
In a notice, the IRS has provided failure to furnish penalty relief to partnerships that are required to furnish Form …
2023 NTA Annual Report: Big Strides Taken by IRS but Delays Linger
In her latest annual assessment of the IRS’ efforts to improve taxpayer services and overall administration, National Taxpayer Advocate Erin …
Ways and Means Chair Again Presses IRS on Tax Data Security
Calling the maximum possible sentence of a former IRS contractor who pleaded guilty to unlawfully disclosing private tax information to …
IRS Funding Cuts Accelerated in FY 2024 $1.6T Spending Deal
Previously agreed upon cuts from the IRS’ Inflation Reduction Act (PL 117-169) funds across fiscal years 2024 and 2025 would …
IRS Provides More Time for Clean Vehicle Dealers, Sellers to Submit Time-of-Sale Reports
The IRS has provided an extension of time for clean vehicle dealers and sellers to submit to the IRS their …
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 …
Tax Court Had Jurisdiction Over Petition Filed After 90-Day Limit and Before Date Listed in NOD
In a case of first impression, the Tax Court decided that a taxpayer’s Petition for Redetermination was timely even though …
From the Crime Desk, December 2023
This version of From the Crime Desk covers guilty pleas, convictions, sentences and more for the month of December 2023. …
2024 Snapshot: Potential TCJA-CTC Deal in Play Ahead of Filing Season, Tax Pro Says
Although the tax legislative outlook is unclear leading up to the 2024 elections, PricewaterhouseCoopers Washington National Tax Services Co-Leader Rohit …
Tax Deadlines Postponed for Victims of Storms, Tornadoes in Tennessee
The IRS has postponed various tax deadlines for victims of storms and tornadoes in Tennessee that began on December 9, …