Tax practice

Farmers and ranchers recently forced to sell livestock due to drought now affecting much of the U.S. have an extended time to replace the livestock and defer tax on any gains from the forced sales.

While the Internal Revenue Service has made progress in implementing a solution to its audit trail deficiencies, it still needs to strengthen its controls, according to a new report.

2015 year-end tax planning — what’s new

Tax provisions that are likely to be passed – however late

Provisions that are likely to be passed – however late (slideshow version)

Tax Analysts has released an article examining Internal Revenue Service data on performance awards and retention incentives at the Office of Chief Counsel.

The Internal Revenue Service’s Volunteer Income Tax Assistance program processed a record 3.4 million tax returns in 2015.

As if the process of getting married isn’t complex and difficult enough, prospective spouses also need to take income tax considerations into account before tying the knot.

Even the easiest client engagement can turn difficult when family gets involved.

Victims of the Valley and Butte fires that took place beginning on September 12 in parts of California may qualify for tax relief from the Internal Revenue Service.

Billionaire Donald Trump laid out a tax plan on Monday that he said will increase the burden on hedge fund managers, cut rates for corporations and the middle class, and eliminate payments for more of the poor.

National Taxpayer Advocate Nina Olson will convene an international conference on taxpayer rights later this year.

A roundup of our favorite recent tax fraud cases.

A group of Senate Democrats have unveiled a bill to provide more incentives for clean energy, including tax breaks.

The personal finance website WalletHub has released its annual report on 2015’s Most & Least Fair State Tax Systems.

Presidential candidate Sen. Bernie Sanders, I-Vt., along with Sen. Sherrod Brown, D-Ohio, and seven of their Democratic colleagues in the Senate, have introduced legislation to repeal a tax on so-called “Cadillac” health plans.

A revenue agent for the Internal Revenue Service was arrested for accepting payment from a Seattle marijuana dispensary owner after allegedly soliciting a bribe.

A Deloitte LLP unit allegedly promised a tax plan under which former Detroit Pistons owner Bill Davidson would “win if he lived, or win if he died.”

The Internal Revenue Service needs to improve the accuracy of how it decides which fees health insurance providers are supposed to pay each year under the Affordable Care Act, according to a new government report.

The U.S. government has signed “competent authority arrangements” with the United Kingdom and Australia to advance their intergovernmental agreements to combat tax evasion under the Foreign Account Tax Compliance Act, or FATCA.