Tax practice

The Internal Revenue Service has released a long-awaited set of temporary and proposed tangible property repair regulations that could have a significant impact on a wide array of industries.

Both the House and Senate passed a two-month extension of the payroll tax cut, unemployment benefits, and the “doc fix” for preserving the current Medicare reimbursement for physicians by unanimous consent on Friday morning, sending the measure to President Obama’s desk.

Bowing to pressure from fellow Republicans, a leading House Republican said Thursday he would introduce a bill Friday to extend the payroll tax cut and unemployment benefits for two months.

CCH has added a Library View to its IntelliConnect tax and accounting research service.

The Internal Revenue Service is offering some tips to help taxpayers lower their 2011 taxes before the calendar page changes to 2012.

President Obama and Senate Minority Leader Mitch McConnell, R-Ken., pressed House Republicans on Thursday to agree to a two-month extension of the payroll tax cut, even as Speaker of the House John Boehner, R-Ohio, insisted he was ready to negotiate.

Speaker of the House John Boehner, R-Ohio, has come under increasing pressure to pass a two-month extension of the payroll tax cut.

The Internal Revenue Service has published a revised tax guide to help taxpayers get the most out of various tax breaks.

House Republicans blocked the Senate’s two-month extension of the payroll tax cut and emergency unemployment benefits on Tuesday, setting up a confrontation between the two chambers.

The American Institute of CPAs has introduced a set of Interactive Tax Checklists to help practitioners prepare clients’ returns.

Paid tax return preparers will need to file a due diligence checklist with all claims for the Earned Income Tax Credit starting January 1, the Internal Revenue Service said Tuesday.

The Internal Revenue Service saved about $14.19 million by not mailing out tax form packages this year, but the elimination of the mailings increased the burden on approximately 6 million taxpayers who needed to obtain the forms themselves, according to a new government report.

The Internal Revenue Service has approved the National Association of State Boards of Accountancy and NASBA’s National Registry of CPE Sponsors as the first organizations to receive qualified accrediting status to provide continuing education as part of the IRS’s Registered Tax Return Preparer program.

The Internal Revenue Service has made several important changes to its determination letter program for employee retirement plans.

The Senate has passed a two-month extension of the payroll tax cut and unemployment benefits, but House Republican leaders and some Democrats balked at the short-term extension.

The Internal Revenue Service has published a Candidate Information Bulletin to help those preparing to take the Registered Tax Return Preparer Test know what to expect on test day.

The Internal Revenue Service has given tax-exempt organizations with January and February filing due dates a temporary reprieve until March 30, 2012 to file their annual returns.

Congressional leaders in both parties signaled they were working on a deal to extend the payroll tax cut and unemployment benefits for at least two months, while also agreeing on a spending bill that would avert a government shutdown.

Just when you think you know all you need to know about FBAR (Foreign Bank Account Reporting), a product of the Bank Secrecy Act of 1970, the impending FATCA (Foreign Account Tax Compliance Act) requirements loom.

The Internal Revenue Service reminded tax preparers to renew their Preparer Tax Identification Numbers before they expire at the end of the year.