The IRS announced that it will disallow all refund claims filed while resolution of the issue of whether severance payments to employees are subject to FICA […]
The IRS issued regulations that prohibit taxpayers from taking a foreign tax into account for federal foreign tax credit purposes before the tax year in which […]
The IRS issued final rules for tangible property (T.D. 9689) that largely adopted the proposed regulations issued in 2013. The IRS also issued the procedural guidance […]
We have heard from many of our members about the difficulties you are experiencing in adopting the tangible property regulations. We are hopeful that the IRS […]
The IRS issued revised numbers for the amount of depreciation taxpayers can take for the first year they use a passenger automobile (including a truck or […]
Tax season resources for CPAs to quickly navigate the health care reform reporting requirements under the Affordable Care Act for 2014 individual income tax returns. Source:: […]
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
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
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 […]