Tax practice

When one dies owning commercial or rental residential real estate, a cost segregation study can be a highly effective tool for reducing the estate’s tax burden.

The Internal Revenue Service failed to redact Social Security Numbers and Employer Identification Numbers from hundreds of its Offer in Compromise files that are available to the public, according to a new report.

The House Ways and Means Committee plans to markup and vote Wednesday on four pieces of Republican-sponsored legislation aimed at limiting the Internal Revenue Service’s authority over its spending, particularly in the areas of employee bonuses, hiring, and delegation of user fees.

The Senate Finance Committee held a hearing Tuesday to examine the Internal Revenue Service’s recent failures to protect taxpayer information from cybercriminals.

European Union regulators sought to shame big global companies into paying their full tax bill by forcing them to publish how much they divert to offshore havens.

U.K Prime Minister David Cameron defended his tax affairs to Parliament, telling lawmakers he’d been slow to respond to questions because of anger at seeing his late father’s name attached to stories about offshore evasion.

European Union regulators are looking to force corporate tax avoidance via offshore havens into the open, with fresh proposals made more urgent by the Panama Papers revelations.

Escalating a 19-month regulatory assault against U.S. companies’ shifting their tax addresses offshore, President Barack Obama’s administration last week also went after companies that have always been overseas.

A roundup of our favorite recent tax fraud cases.

More companies are offering technology this tax season to connect taxpayers with a preparer who is willing to do their taxes. The latest is a startup known as TaxChat.

Senate Judiciary Committee Chairman Chuck Grassley, R-Iowa, has introduced legislation to combat tax refund theft by identity thieves.

U.K. Prime Minister David Cameron was accused of “hypocrisy” after he said he held a stake in an offshore fund set up by his late father until six years ago, an admission broadcast on national television following four days of questions over the investment.

The Internal Revenue Service sent out more than $330 billion in refunds to U.S. taxpayers last year. To capture some of this year's cash, and jump on a marketing opportunity, companies are offering freebies and discounts celebrating the end of the annual filing ordeal.

Highlights of some of our favorite tax-related blogs from the past week.

Among the issues that are keeping tax executives up at night are anti-inversion rules that don’t address the root cause: an anti-competitive U.S. tax system.

According to the Internal Revenue Service, 28 percent of taxpayers wait until the last few weeks of tax season to file their taxes, and that adds more pressure to their tax preparers.

The IRS is requesting nominations for its Information Reporting Program Advisory Committee, a federal advisory committee that advises the service on various tax administration issues.

The Internal Revenue Service’s extra $290 million in funding this year helped the IRS improve its level of responsiveness to taxpayer phone calls, according to a new report.

European Union proposals to crack down on corporate-tax avoidance are getting stuck in a fight over how to curb aggressive tax strategies through foreign ownership, threatening the possibility of a deal by June.

The White House traded accusations of unpatriotic behavior with the CEO of a major drugmaker after unexpectedly tough new rules from the U.S. Treasury Department on corporate inversions derailed a $160 billion merger between Pfizer Inc. and Allergan Plc.