Planning Around Major Changes to the Foreign Tax Credit
By Patricia Brandstetter and Jonathan D. Grossberg Final regulations, issued December 28, 2021 (TD 9959), significantly change longstanding principles for …
DC Bar Tax Conference: NTA Urges IRS to Fix COVID-19 Refund Claim, Suit Issues
The IRS should extend the window for taxpayers to claim refunds, as well as waive the time limit for filing …
A Peek Behind the Curtain at TAP
Taxpayer Advocacy Panel (TAP) volunteers from around the country work year-round to make recommendations to the IRS on behalf of …
Should You Get an Identity Protection Pin?
Identity Protection Personal Identification Numbers (IP PINs) can protect taxpayers from tax fraud. Should you get one? Identity Protection PIN …
In-Person IRS Help Available Without Appointment Saturday, April 9
In a news release, the IRS announced that many of its Taxpayer Assistance Centers (TACs) will be open to help …
IRS Chief Emphasizes Paper Backlog, Modernization Challenges in Progress Update
The IRS is feeling positive about its progress toward processing outstanding tax returns and modernizing agency systems, but sustained, multiyear …
What To Do If Clients Are Missing Form W-2 or Form 1099
Practitioners with clients seeking to file their 2021 individual income taxes but who are missing crucial wage and withholding information …
IRS Reminds Taxpayers to Remove Excess Salary Deferrals By April 15
In an Employee Plans news alert, the IRS has reminded taxpayers that for 2021 the aggregate total of salary deferrals …
Interacting Electronically with the IRS
The IRS has highlighted two options that enable taxpayers to interact with the agency electronically: using electronic or digital signatures …
IRS Releases Final Stock Ownership Determination Regs
The IRS has issued final regs regarding the treatment of domestic partnerships for purposes of determining amounts included in the …