Tax Court: IRS Listed Transaction Notice Violated APA
The Tax Court set aside the IRS notice identifying as “listed transactions” all syndicated conservation easement and similarly similar transactions. …
IRS Publishes 2022-2023 Priority Guidance Plan
The IRS has released its 2022-2023 Priority Guidance Plan. The Priority Guidance Plan highlights guidance items that are most important for …
IRS Expands Qualified Plan Determination Letter Program to 403(b)s
On November 7, 2022, the IRS announced the expansion of one of its retirement plan approval programs. The IRS will …
Automated Collection Notices to Phase Back In, Taxpayer Advocate Says
Temporarily suspended mailings of automated collection notices will resume on a staggered basis to spare IRS customer service representatives and …
Public Comment Sought on Additional Clean Energy Tax Provisions
The Department of the Treasury and the IRS on November 3 issued three additional notices requesting public comment on climate …
Supreme Court Seemed Skeptical of Government’s Position on FBAR Penalties
On November 2, 2022, the Supreme Court heard oral arguments in Alexandru Bittner’s appeal of his nonwillful FBAR penalty. The …
Current Former IRS Leaders Set Tone for Agency’s Next Chapter
The newly named acting commissioner of the IRS, along with two former holders of the position, outlined the agency’s immediate …
Republican Tax Writers Fear Funded IRS May Surveil Bank Accounts
Two Republican members of the House of Representatives Ways and Means Committee questioned whether the IRS intends to use its …
IRS Veteran O’Donnell Is Named Agency’s Acting Commissioner
Douglas O’Donnell has been designated acting commissioner of the IRS and will succeed Commissioner Chuck Rettig when Rettig’s term ends …
2023 PTIN Renewal Period Now Underway
Tax professionals can now renew their Preparer’s Tax Identification Number (PTIN) for 2023. All current PTINs will expire on December …