Tax practice

The Internal Revenue Service has issued a notice extending the time under which certain transitional rules for the Foreign Account Tax Compliance Act, or FATCA, will apply.

The Internal Revenue Service has issued a notice and revenue procedure indicating it is studying issues related to the spinoff of real estate assets for tax reasons.

A new bipartisan effort to cancel Obamacare’s so-called Cadillac tax, the 40 percent levy on high-cost health insurance plans, adds a wrinkle to an impending fight in Congress.

In its hunt for tax cheats, the U.S. Internal Revenue Service is headed to Belize.

Last week, the Alabama Department of Revenue challenged the U.S. Supreme Court’s 1992 decision in Quill Corp. v. North Dakota, which established a physical presence test for sales tax nexus.

Wolters Kluwer Tax & Accounting US is offering its predictions for the estimated ranges for each 2016 tax bracket, based on the inflation data released this week by the U.S. Department of Labor.

The Internal Revenue Service has issued a notice advising taxpayers that the Treasury Department and the IRS intend to propose regulations providing that health insurance issuers must report coverage in catastrophic health insurance plans.

Thomson Reuters has introduced a Tax Fundamentals Certificate Program for tax professionals and those who help them.

The tax law firm Burt, Staples & Maner LLP has joined Ernst & Young as the accounting firm expands its international tax practice.

President Barack Obama, seizing on a lifeline from Republican presidential candidates, is dusting off his campaign to end a tax break exploited by private-equity managers, venture capitalists and some hedge fund executives.

The IRS2Go app can now be used to make payments, as well as check refund status and receive tax tips.

Bloomberg BNA has released a report on projected 2016 tax rates, providing a detailed forecast of inflation-adjusted tax items.

Thomson Reuters is forecasting the tax rates for next year and predicting they will be adjusted upward in line with modest inflation.

The Internal Revenue Service has set the special per diem rates starting Oct. 1, 2015, which taxpayers can use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home.

The tax-writing House Ways and Means Committee plans to hold votes Thursday on several Republican-sponsored bills that would make five temporary tax breaks into permanent parts of the Tax Code.

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

The American Institute of CPAs wrote Congress to warn that a bill grants the IRS too much authority to regulate tax preparers.

Yahoo! Inc.’s plans to spin off its stake in Alibaba Group Holding Ltd. were left in doubt after IRS officials outlined new concerns.

Effective Jan. 1, 2016, the IRS will reject any checks received for over $99,999,999.00.

The Internal Revenue Service is reminding corporations and partnerships that took extensions to file income tax returns that they have until September 15, to file.