The Internal Revenue Service streamlined the rules to make it easier for 401(k)s and similar employer-sponsored retirement plans to make loans and hardship distributions to storm victims and members of their families.
The Internal Revenue Service revoked an unidentified hospital’s tax exemption in February for failing to conduct a community health needs assessment, in a sign of possible trouble for other nonprofit health care organizations.
The Treasury Department and the Internal Revenue Service have delayed implementation of the Obama administration’s Section 385 documentation regulations for discouraging corporate tax inversions and earnings stripping until 2019.
The Internal Revenue Service’s policies don’t comply with some of the federal government’s requirements that agencies must ensure all records are retrievable and usable for as long as needed, according to a new report.
A federal rule aimed at limiting corporate “earnings stripping’’ for tax-avoidance purposes may pose an undue burden on taxpayers and may be changed or rescinded, according to an Internal Revenue Service notice.
The Internal Revenue Service has issued a memorandum for its field examiners instructing them that frequently asked questions and other items posted on the agency’s IRS.gov site that have not been published in the Internal Revenue Bulletin are not considered to be legal authority.