No Sign of Unclogging Key IRS Phone Line, Tax Pros Say
The IRS has indicated it’s on the way to clearing a massive, pandemic-caused backlog of unprocessed returns, but tax practitioners …
Thomson Reuters launches Virtual Currency organizer
The IRS, however, has been keenly aware of the obligations in this area and has recently raised its scrutiny and …
Draft 2019 Forms 1065, 1120-S, and Schedules K-1 Released
The IRS has released drafts of the 2019 Form 1065 (U.S. Return of Partnership Income), its Schedule K-1 (Partner’s Share …
IRS Details Post-Chevron Deference Standards
In Chief Counsel Notice 2019-006, the Treasury Department and IRS set out the level of deference it will ask the …
IRS releases draft of new simplified tax return for seniors: Form 1040-SR
Congress directed the IRS to create a new form, designated Form 1040-SR, for use by individuals age 65 and older …
IRS PTIN system is back online and is not charging a fee
On June 21, in a website posting, IRS announced that it put its online Preparer Tax Identification Number (PTIN) system, …