Tax practice

The Internal Revenue Service has filed notices with a federal district court and appeals court of its intention to appeal a judge’s ruling that struck down the mandatory testing and continuing education requirements of its Registered Tax Return Preparer regime and asked the court to suspend the January ruling that invalidated the RTRP regime.

The Internal Revenue Service has released a favorable private letter ruling allowing WTP Exchange, an affiliate of WTP Advisors, to provide both like-kind exchange software and qualified intermediary services.

The IRS announced that it would no longer hold tax returns that both claimed the Earned Income Tax Credit and had incomplete or appropriate Forms 8867 attached.

Parents and students should check if they qualify for either of two college education tax credits or any of several other education-related tax benefits, according to the IRS.

The IRS has released a schedule of cities and dates for the 2013 Tax Forums.

The IRS has issued warning to taxpayers who receive emails claiming to be from the agency.

As Presidents’ Day Week winds down, it seems logical to pay a little attention to Presidents Washington and Lincoln, especially their wisdom and the positions they held on a number of the issues they faced in their time.

The Internal Revenue Service is taking further steps to combat identity theft, including issuing proposed regulations that allow taxpayers to truncate the identification numbers on some tax documents they file.

Social media sites Facebook and LinkedIn are enjoying massive tax breaks on stock options, according to recent reports.

The Internal Revenue Service has introduced a new tool for determining a taxpayer’s eligibility for an offer in compromise that can help lower the taxpayer’s outstanding tax debts.

The Internal Revenue Service said Wednesday that it has observed problems with the filings for education tax credits that could be delaying processing of the tax returns.

Last year, about $450 million belonging to top executives at billionaire hedge fund manager John Paulson’s New York firm took a quick round trip to Bermuda.

Victims of the severe storms, tornadoes and flooding that took place on February 10 in parts of Mississippi may qualify for tax relief.

President Obama appealed to Congress to balance tax reforms with spending cuts to avoid the painful automatic cuts imposed by the budget sequester deal.

The Internal Revenue Service said Tuesday that taxpayers need to report Roth individual retirement account conversions from 2010 on their returns this tax season.

An advocacy group and a former congressional candidate have filed suit against the Internal Revenue Service in an effort to force the IRS to enforce its laws prohibiting tax-exempt 501(c)4 groups from engaging in political activity.

Members of Congress have re-introduced legislation aimed at pressuring online Web sites to charge sales taxes to out-of-state customers, combining three competing bills that were introduced in the previous congressional term.

The Internal Revenue Service spent about $1.1 million in fiscal year 2011 on 754 BlackBerry smartphones and 13,878 wireless aircards that were not used for three months to a year, according to a new report.

The American Institute of CPAs has written to the Internal Revenue Service expressing its concerns about delays in issuing crucial tax forms.

There is no doubt that the current U.S. Tax Code needs to be seriously reformed. It has grown to become a convoluted mess.