Speaker Johnson Doubles Down on Stripping IRS Funds for Israel Support
Days after the House passed a $14.3 billion Israel emergency aid package, the chamber’s new leader defended Republicans’ decision to …
IRS Webinar: ERC Withdrawal Process, Common Issues, and Repayment Process Coming Soon
By Debbie Tam On November 2, the IRS presented a webinar, Employee Retention Credit: Latest information on the Moratorium and Options …
IRS Seeks Volunteers for Free Tax Services
The IRS has announced its Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs are currently …
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 …