Tax practice

Ireland is about to get a new biggest company, and it’s only a little smaller than the nation’s entire economy.

The Internal Revenue Service has upgraded the Foreign Account Tax Compliance Act Online Registration System, enabling sponsoring entities such as foreign banks to register their sponsored entities to obtain a global intermediary identification number.

Ernst & Young has released the EY Tax Guide 2016, adding new chapters of information on tax preparation.

The Internal Revenue Service does not always penalize employers who fail to respond to requests to resolve discrepancies in the wage information reported to the federal government, according to a new report.

Vanguard Group Inc. has reached an agreement to pay several million dollars in back taxes in Texas, the first known payout related to a whistle-blower’s accusation that the world’s biggest mutual-fund company underpaid its taxes by tens of billions of dollars.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Jackson Hewitt Tax Service has opened for the next season with a new Year-End Tax Planner service that will estimate 2015 taxes and refunds.

Some of our favorite recent tax fraud cases.

The Internal Revenue Service has proposed new regulations for innocent spouse relief related to joint and several liability under the Tax Code.

The Internal Revenue Service announced three changes Friday to the proposed rules for the new tax-favored Achieving a Better Life Experience, or ABLE, accounts for eligible disabled individuals that will be included in the final regulations when they are issued to make it easier for states to offer and administer ABLE programs.

The Internal Revenue Service has improved its audits of high-income taxpayers but needs to re-evaluate whether the threshold of $200,000 for auditing wealthy taxpayers efficiently uses the agency’s examination resources, according to a new report.

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

The Treasury Department and the Internal Revenue Service have outlined additional steps they are taking to reduce the tax benefits of corporate inversions, and when possible, stop the transactions from occurring.

IRS budget woes are the top priorities for Andy Mattson, recently appointed AICPA committee chair of the IRS Advocacy & Relations Committee.

The Internal Revenue Service has provided retailers and restaurateurs with a safe harbor of accounting for expenditures related to repairs, remodeling and refreshes.

The Internal Revenue Service is beginning the next round of its battle against tax-related identity theft by debuting a public awareness campaign to persuade more taxpayers to safeguard their personal information, in conjunction with tax preparation companies and state tax authorities.

The U.S. Treasury Department plans to release additional guidance this week aimed at deterring corporate inversions, though it can’t stop such tax-avoidance moves without new authority from Congress, Secretary Jacob J. Lew said.

Many accountants and valuation experts are anxiously attempting to predict the contents of the revised Section 2704 regulations from the IRS on the valuation of family limited partnerships and other family-controlled entities.

Sales and use tax rates increased slightly across the country in the third quarter of the year, according to a new report.

A pair of reports released Wednesday highlight the impact of yearly budget cuts on the Internal Revenue Service’s activities.