Tax practice

Changes in the implementation of the Affordable Care Act could pose a challenge for the Internal Revenue Service's customer service, according to a new government report.

Democrats on the tax-writing House Ways and Means Committee have written to Speaker of the House John Boehner, R-Ohio, urging him to introduce legislation to raise the debt ceiling without pre-conditions, warning that the Treasury Department would not be able to pay tax refunds without a higher debt limit.

House Ways and Means Committee chairman Dave Camp, R-Mich., has written to Treasury Secretary Jacob Lew and Internal Revenue Service commissioner John Koskinen asking for all documents pertaining to the proposed changes in rules for organizations applying for tax-exempt status under Section 501(c)(4) of the Tax Code.

With a new tax season just launched and a new commissioner, John Koskinen, firmly ensconced at the IRS, taxpayers aren’t the only ones with questions – tax preparers have some of their own.

Some of our favorite recent tax fraud cases, including New York City cop moonlighting as a (not very good) preparer.

National Taxpayer Advocate Nina Olson urged the Internal Revenue Service to adopt a comprehensive Taxpayer Bill of Rights in her annual report to Congress in mid-January.

New tax elections provide additional flexibility and benefits

A roundup of tax news from the previous month.

The new commissioner stands up for the agency

The Internal Revenue Service began accepting individual tax returns on Friday.

The IRS has selected six new members for its Internal Revenue Service Advisory Council and seven new members for its Information Reporting Program Advisory Committee.

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

President Obama introduced a new retirement savings vehicle that he called a “MyRA” in his State of the Union address on Tuesday evening, and the White House has followed up with more details on Wednesday about it.

Rep. Lloyd Doggett, D-Texas, has introduced legislation to limit tax write-offs for executive bonuses to $1 million per employee.

While President Obama mentioned taxes a number of times in his State of the Union speech last night, the details were scant.

The Internal Revenue Service has generally been able to identify potentially improper claims for Small Business Health Care Tax Credits by tax-exempt organizations and subject them to further review, but improvements are still needed to ensure the claims are being caught in time, according to a new government report.

Track1099 has added several new forms to its 1099-MISC e-filing and e-delivery product, and released a new mobile app.

President Barack Obama proposed a series of actions to deal with economic issues ranging from the minimum wage to tax reform and student loan debt during his State of the Union address on Tuesday evening.

PricewaterhouseCoopers is anticipating that Super Bowl XLVIII will generate over $210 million in direct spending in the New York and New Jersey area, though the revenue generated by the Super Bowl and other pro football activities is leading some to question the NFL’s nonprofit, tax-exempt status.

The Ending Subsidies for Yachts Act, barring the tax deduction for new mortgages on boats, is pushed by two Democrats in the Republican-led House, Representatives Mike Quigley of Illinois and Tim Walz of Minnesota.