Tax practice

Critical tax legislation and court decisions from last year

The IRS has extended the exclusion from gross income for identity-protection services provided by employers.

Apple Inc. has paid 381 euros, or $348 million, to settle an Italian tax claim, according to a person familiar with the matter.

The Service has updated HealthCare Tax Tip 2015-85 to clarify the revised reporting dates and make the dates in this tip consistent with the dates in Notice 2016-4.

Julius Baer Group Ltd., Switzerland’s third- largest wealth manager, said it expects to pay about $547 million to settle a U.S. investigation into how it helped Americans evade taxes.

The IRS is sending letters to some taxpayers who may not be entitled to some or all of the EITC claimed on their 2014 tax return.

Reporting for employer shared responsibility under the Affordable Care Act starts in January 2016

Some of our favorite recent tax fraud cases.

A recent case in Michigan has created an unexpected twist in the brave new world of taxing software and services online.

Receiving a tax notice from the IRS or a state department of revenue may not be what you were hoping for in the day’s mail. But in many cases the notice can be resolved both quickly and painlessly.

(Bloomberg) The U.S. Treasury and Internal Revenue Service said they are extending some Affordable Care Act reporting deadlines to help companies meet the requirements.

Five more Swiss banks have agreed to pay penalties to avoid prosecution for helping U.S. clients evade taxes, pushing the number of accords to 73 and total payments to more than $1 billion.

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

Tax provisions in the new transportation funding act

The Affordable Care Act will continue to provide new surprises for tax preparers and taxpayers for the foreseeable future.

The IRS Return Preparer Office announced that it will mail practitioners a number of letters on Tuesday, Dec. 29.

Elevating your clients’ experience during tax season

Once, servicing “tax tools” meant math and a pencil sharpener – but these days it means a huge amount of technology that you may use fluently, but not necessarily understand. How can you truly trust it?

It’s the time of year when investors examine their portfolio and seek to harvest built-in tax losses. But short sellers who wish to harvest their losses should keep a close eye on the calendar.

The IRS has not established a service-wide approach to managing effective authentication processes and procedures for individual taxpayers’ identities, according to a new report.