Supreme Court Hears Oral Arguments in IRS Record Summons Notice Case
On March 29, the Supreme Court heard oral arguments in a case to resolve a circuit-level split over the scope of statutory …
All Eyes on Werfel as New IRS Commissioner Settles Into Role
Now that the dust has settled from the confirmation process of the IRS’ new head official, much attention will be …
Comments Offer Roadmap of When to Apply Excise Tax on Corporate Stock Buybacks
Responding to an IRS notice providing interim guidance and asking for stakeholder input on a recently effective provision of the …
Commenters Call for Swift Clarification on Corporate AMT for Safe Harbor, Other Matters
Comments submitted to newly appointed IRS Commissioner Daniel Werfel on behalf of the American Bar Association’s (ABA) Section of Taxation …
CBO Scores Unemployment Fraud Bill With Caveat of ‘Significant Uncertainty’
A legislative proposal from House Republicans to give states incentives for recouping fraudulent unemployment insurance payments would reduce the federal …
Baker Tilly’s Kasey Pittman Talks ‘Crypto Winter’ Tax Strategy
Although the digital asset market has cooled as cryptocurrency prices have fallen, some investors have options to make the most …
TEI Conference: Treasury, IRS Have Loaded Guidance To-Do List
An underlying theme in comments from several government speakers at a recent tax conference is that although some preliminary guidance …
IRS SB/SE Examination Director Says Service Considering Eliminating Form 944 “As We Speak”
By Christopher Wood During a March 20 presentation by the IRS on employment tax at the American Payroll Association’s (APA) …
NTA: Shift IRS Funding to Boost Taxpayer Service, IT Modernization
Congress should allocate a higher proportion of IRS funding towards taxpayer services and modernizing outdated internal systems and place less …
Yellen: Guidance Coming Soon for Inflation Reduction Act Energy Tax Credits
Treasury Secretary Janet Yellen assured Senate Finance Committee members in a raucous and wide-ranging hearing that much-needed guidance on energy …