Tax practice

House Small Business Committee chairman Sam Graves, R-Mo., has written a letter to the Internal Revenue Service expressing his concerns about the thousands of notices that the IRS is sending to small businesses telling them they may have underreported their income.

The Internal Revenue Service has proposed to extend for up to 10 years the amount of time that taxpayers would have to apply for the “innocent spouse” tax relief program.

Married same-sex couples with children may face higher bills from the IRS as recent Supreme Court rulings start playing out in the tax code.

A pair of House Republican lawmakers, House Ways and Means Committee chairman Dave Camp, R-Mich., and House Oversight Subcommittee chairman Charles Boustany Jr., M.D., R-La., have written to Internal Revenue Service principal deputy commissioner Daniel Werfel calling on him to immediately stop the IRS from continuing to target Tea Party applications based on name alone, but Democrats are disputing the charges.

The IRS has lost several cases this year when taxpayers, who lacked good documents, or any documents, testified about the facts and were believed by the Tax Court.

The Internal Revenue Service said Friday that it is delaying the planned retirement of its Disclosure Authorization and Electronic Account Resolution online applications for three weeks.

The Internal Revenue Service is auditing dozens of tax-exempt bond-financed jails, particularly in border states, and suggesting in some cases that, if the jails hold significant amounts of federal inmates, the bonds are no longer tax-exempt and are instead taxable private-activity bonds, sources said Thursday.

Americans renouncing U.S. citizenship surged sixfold in the second quarter from a year earlier as the government prepares to introduce tougher asset-disclosure rules.

CCH has improved navigation and other features in its online IntelliConnect tax and accounting research service, including a redesigned CCH Tax Calendar.

The Connecticut Department of Revenue Services plans to begin a tax amnesty program from Sept. 16, until November 15, 2013 for any taxable period ending on or before Nov. 30, 2012.

The Internal Revenue Service did not always follow its own internal guidelines for notifying taxpayer representatives of the filing of a Notice of Federal Tax Lien against their clients, according to a new report.

The Internal Revenue Service has decided to postpone the unpaid furlough day it had scheduled for August 30 after making progress on cutting costs at the agency.

The National Federation of Independent Business and the S Corporation Association released a new study Wednesday showing that S corporations pay the highest effective rates of any business type.

A proposal to drastically cut or abolish state income taxes in Georgia and replace them with higher sales taxes would raise taxes on up to 80 percent of Georgia taxpayers and spike Georgia's average state and local sales tax to as high as 14.5 percent, according to a new study.

The American Institute of CPAs has sent a comment letter to the Internal Revenue Service and the Treasury Department highlighting potential problems for international tax entities from the IRS’s proposed regulations related to the net investment income tax.

The Internal Revenue Service is required to notify taxpayers of their rights when requesting an extension of the statute of limitations for assessing additional taxes and penalties, but might not always notify them or their representatives, according to a new report.

A pair of Senate Democrats have introduced legislation to end unlimited tax write-offs on performance-based executive pay, allowing publicly traded corporations to deduct only up to $1 million in pay per employee.

The Internal Revenue Service has finalized regulations governing certain transfers of property to regulated investment companies and real estate investment trusts.

The Internal Revenue Service has issued guidance on the branded prescription drug fee for next year.

A Los Angeles-area tax preparer has been arrested on charges of filing false claims for tax refunds.