Tax practice

Newly issued Revenue Procedure 2014-49 provides temporary relief from certain requirements of Section 42 of the Tax Code in the context of a "major disaster."

The Tax Court sided with the plaintiff in a recent case involving the rules surrounding the home office deduction.

The First Circuit has held that in determining the tax treatment of an FCA civil settlement, a court may consider factors beyond the mere presence or absence of a tax characterization agreement.

The perpetual drumbeat for tax reform continues to echo around Capitol Hill.

U.S. businesses paid $671 billion in total state and local taxes in fiscal year 2013, according to an annual study.

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

The Internal Revenue Service needs to improve its strategy to ensure accurate reporting and payment of the Medical Device Excise Tax, according to a new report released by the Treasury Inspector General for Tax Administration.

In case you haven’t heard, National Grandparents Day is just around the corner, on September 7.

The Internal Revenue Service has denied tax-exempt status to a group that claimed it was dedicated to protecting the human rights of defenseless victims of involuntary microwave and mind control attacks.

A federal judge asked the Internal Revenue Service for more information on efforts it made to recover missing e-mail from the computer of an agency official at the heart of a quarrel between Congress and the Obama administration over scrutiny of Tea Party organizations.

The Internal Revenue Service has issued new rules for changing a method of accounting for retail inventory.

The Internal Revenue Service has issued a new one-page publication with information about exemptions to the health coverage requirements of the Affordable Care Act.

Weeks ahead of the next quarterly deadline for filing estimated taxes (September 15) marks a good moment to look at what these filers often do wrong.

The Internal Revenue Service and the Treasury Inspector General for Tax Administration said they are continuing to hear from taxpayers who have received unsolicited calls from individuals demanding payment while fraudulently claiming to be from the IRS.

President Barack Obama won’t return campaign donations to executives, advisers and directors who have profited from offshore mergers that reduce corporate taxes using a technique he has called “unpatriotic.”

Senator Charles Schumer released a proposal today that would limit deductions available for U.S. companies that take a foreign address to reduce their taxes.

This year's tax planning is going to be heavily focused on accelerating deductions and maximizing tax credits, according to Evan Stephens, a tax manager at the business consulting and accounting firm Sensiba San Filippo.

A number of Internal Revenue Service contractor employees who did not undergo the required background checks had access to taxpayer data, according to a new government report.

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

Six Democrats in Congress have sent a letter to President Obama, encouraging him to deny federal contracts to inverted corporations.