Former TCJA Staffer Defends Validity of Transition Tax in Moore
A former Republican staffer who worked directly on the construction of the Tax Cuts and Jobs Act’s one-time transition tax …
GOP Eyes Spending Bills as Vehicles for IRS Funding Clawbacks
Amid annual appropriation and Israel support negotiations now that the House speaker position has been filled, Republicans are seeking to …
Prop Regs Clarify No Surprises Act Dispute Resolution Process
The IRS, in conjunction with other government agencies, has issued proposed regs that clarify the federal independent dispute resolution (IDR) …
Lawmakers Question Tax Prep Corps on FTC Privacy Violation Warnings
Following up on civil penalty warnings from the Federal Trade Commission (FTC), as well as their own independent investigation, a …
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 …
Semi-Monthly Superfund Excise Tax Deposits Burdensome, IRS Told
At a rulemaking hearing for proposed rules on the reinstated Superfund excise taxes, the IRS heard from industry representatives that …
2024 PTIN Renewal Period Underway
The IRS has announced that the PTIN renewal period is now open. All active return preparers need to renew their …
IRS Investment Update: Business Account Launches, Noncompliant US Subsidiaries Targeted
In a quarterly update on how the IRS has been utilizing Inflation Reduction Act (PL 117-169) resources, the agency announced …
Ways and Means Looking to Curb Pandemic Related Fraud
Federal agencies did not strategically manage fraud risks and were not adequately prepared to prevent fraud tied to COVID-19 relief …
Tax Court Denies Hardship Waiver to 60-day Rollover Rule
In a case of first impression, the Tax Court held that it has jurisdiction under Code Sec. 6213(a) to review the IRS’s …