Tax practice

Senator Ben Cardin, D-Md., a member of the Senate Finance Committee, has written to Treasury Secretary Jack Lew and Acting IRS Commissioner Daniel Werfel, urging them to quickly resolve and clarify the tax implications for legally married same-sex couples and those in civil unions.

(Bloomberg) The lessons of the last big revision to the Tax Code in 1986 show it’s going to be harder to get things done this time.

The IRS issued proposed regulations on Friday that provide guidance on the tax credit available to certain small employers that offer health insurance coverage to their employees under Code Section 45R, enacted by the Patient Protection and Affordable Care Act.

The IRS's Modernized e-File System will shut down from 10 p.m. Eastern on Saturday, August 31, until noon Eastern Standard Time on Tuesday, September 3.

A U.S. District Court has ruled against the Internal Revenue Service that a company putting together gift baskets qualifies for a deduction for domestic production activities.

With all the noise about Americans renouncing their citizenship and paying an exit tax just to be freed from what they consider an oppressive tax regime, it’s nice to know that it’s a two-way street.

JTH Holding Inc., the parent company of Liberty Tax Service, said it has received a letter from the Nasdaq Stock Market indicating it was not in compliance with Nasdaq’s continued listing requirements.

Democratic U.S. Representative Chris Van Hollen sued the Internal Revenue Service to force the agency to adopt regulations that mirror federal law on determining whether a group should be given tax-exempt status.

The Internal Revenue Service has sent letters to thousands of small business owners recently, questioning whether they underpaid their taxes last year.

Some Internal Revenue Service employees continue to use the term “tax protester” to refer to taxpayers despite a 1998 law prohibiting the use of the designation, according to a new report from the Treasury Inspector General for Tax Administration.

Investing is a complex undertaking. The supply of investment alternatives is seemingly endless. Evaluating various alternatives can be quite difficult and very time consuming.

Clients who inherit an annuity may now have a few more options thanks to a recent private letter ruling from the IRS.

The Internal Revenue Service is not adequately managing its software licenses and not adhering to federal requirements and industry best practices for software used on desktop and laptop computers, according to a new government report.

The ranking Democrat on the tax-writing House Ways and Means Committee ranking member, Sander Levin, D-Mich., released new information Tuesday from the Internal Revenue Service to provide further evidence that progressive groups were singled out for scrutiny as were conservative groups.

The leaders of Congress’s two main tax committees met with taxpayers and businesses in Silicon Valley on Tuesday to elicit feedback on various tax reform proposals.

Ahead of an expected showdown in Congress over budget and tax issues after lawmakers return from their August recess, groups in 16 states are holding 28 events this week to demand that Congress end corporate tax breaks to avoid deeper cuts to spending programs.

In some cases, rather than renting space, a business owner may purchase the buildings in which they operate their companies.

The Internal Revenue Service has opened its new online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act.

The Internal Revenue Service has introduced the IRS Understanding Taxes program, a free online tool designed for classroom use by teachers.

The Internal Revenue Service has released a draft version of a new form for reporting on foreign bank accounts under the Foreign Account Tax Compliance Act.