The IRS issued temporary and proposed regulations that provide guidance for multiemployer pension plans that are in critical and declining status and therefore may be permitted […]
The IRS issued proposed regulations implementing Sec. 529A, which authorizes states to offer specially designed tax-favored accounts for the disabled (ABLE accounts). Source:: AICPA – Tax
Tax software vendors will share analytical information about their customers’ tax filings with the IRS under new agreement announced by the IRS. Source:: AICPA – Tax
Final regulations were issued for determining when an expanded affiliated group will be considered to have substantial business activities in a foreign country, which allows a […]
By expanding its online services, the IRS is putting taxpayers’ data at greater risk, the Treasury Inspector General for Tax Administration told Congress. Source:: AICPA – […]
Taxpayers affected by the tangible property regulations will have more time to file Form 3115 under Rev. Proc. 2011-14 according to revised procedures issued by the […]
IRS Resources IRS Audit Technique Guide on Family Partnership (updated Oct. 2014) IRS Appeals Settlement Guidelines for Family Limited Partnerships and Family Limited Liability Corporations (Oct. […]
Even if you haven’t started your small business tax preparation yet, it’s not too late to seek assistance from an accountant, tax preparer or enrolled agent. […]
A taxpayer was sentenced to 18 months in prison followed by one year of supervised release after being convicted of criminal contempt for failing to file […]
To ease the filing burden for taxpayers who received late or incorrect Forms 1095-A, the IRS announced that it will provide penalty relief for taxpayers. Source:: […]