Tax practice

IMGCAP(1)]The U.S. government is expected to publish final tangible property regulations later this year.

Members of Congress have introduced several bills this week to keep student loan interest rates from doubling in July.

The Internal Revenue Service is cautioning tax-exempt organizations such as charities and other not-for-profits that they face a deadline of May 15 under which they are required by law to file annual reports.

An Internal Revenue Service official apologized for what she called the agency’s improper flagging of some anti-tax Tea Party groups for extra scrutiny.

The Internal Revenue Service said Friday that it will be making changes to the filing requirements for corporate and partnership taxpayers with assets of between $10 million and $50 million.

The Internal Revenue Service’s Criminal Investigation unit released an annual report Friday showing that it increased investigations, prosecutions and convictions of tax evaders last year.

There is sometimes a disconnect in the handling of dependency exemptions and related tax credits between what courts advise a taxpayer to do and what the Tax Code actually permits.

The IRS has determined that it will follow the holding of a famous case in matters where Internet service providers are approached for contents of e-mail.

The Internal Revenue Service is teaming up with tax authorities in the United Kingdom and Australia to battle offshore tax havens after uncovering new information on specific taxpayers and advisors.

The leaders of Congress’s two main tax committee teamed up Thursday to launch a new Web site and Twitter feed, with the goal of getting input from the American public on tax reform.

The House Ways and Means Oversight Subcommittee held a hearing Wednesday to examine the causes for the widespread noncompliance found in a recent audit of tax-exempt colleges and universities by the Internal Revenue Service.

CCH has released a new analysis of the Internet sales tax legislation approved by the Senate this week.

Sen. Rand Paul, R-Ken., has introduced legislation to repeal provisions of the Foreign Account Tax Compliance Act, or FATCA, that he contends undermine the privacy of U.S. citizens.

As a CPA and attorney at law, this office has certainly seen its share of food service industry examinations, both at the federal and state levels.

The Senate has approved legislation requiring online retailers to collect sales taxes from Internet sales, even if they don’t have a physical presence in the state where the customer resides.

Several hundred members of the National Treasury Employees Union are planning a rally at 26 Federal Plaza in New York City to call for an end to sequestration and protest unpaid furlough days for Internal Revenue Service employees and a planned shutdown of IRS services for the public.

Congress’s Joint Committee on Taxation has released a report summarizing various provisions of the Tax Code and suggestions that were sent to House Ways and Means Committee working groups tasked with various aspects of tax reform.

The Internal Revenue Service has published 2010 statistics on foreign trusts indicating an an increasing interest in foreign investment by U.S. taxpayers, and the impact of changes made in 1996 to information reporting requirements.

A group of small business owners and individuals in six states have filed suit against the federal government over an IRS regulation imposed under the Affordable Care Act that the plaintiffs claim will require them to pay fines, cut back employee hours, or severely burden their businesses.

The Internal Revenue Service has issued final regulations requiring any person who has been assigned an Employer Identification Number to provide updated information to the IRS.