Tax practice

Donald Trump has said his main tax-policy goal is a cut for the middle class, yet his guest list for a series of policy presentations at Trump Tower included a Reagan-era economist who has suggested revamping that plan.

The Internal Revenue Service is warning tax professionals that next year a new law will require the IRS to hold all Earned Income Tax Credit and Additional Child Tax Credit refunds until Feb. 15 as a safeguard against identity theft and tax fraud.

The American Institute of CPAs has sent a letter to the Internal Revenue Service requesting additional guidance about how existing tax principles apply to virtual currency transactions, such as those in Bitcoin.

The Internal Revenue Service has issued a revenue ruling clarifying when a real estate developer can exclude cancellation of debt income under the qualified real property business indebtedness exclusion in Section 108(a)(1)(D) of the Tax Code.

The IRS has announced the winners of its first crowdsourcing competition, the “Tax Design Challenge,” that encouraged innovative ideas for the taxpayer experience of the future.

The Internal Revenue Service did not resolve over 159,000 injured spouse cases in a timely way, resulting in the unnecessary payment of millions of dollars in interest, according to a new government report.

Alexander Hamilton introduced the idea of federal taxes. Broadway producers enjoying a record season buoyed by his namesake musical are lobbying Congress to limit what they owe.

A roundup of our favorite recent tax fraud cases.

This year, for the first time ever, employers will begin receiving notices from the Federally Facilitated Marketplace indicating that one of their employees signed up for health coverage through the Marketplace and received advanced premium subsidies for that coverage.

The sun has set on Tax Day 2016. Another season older and what did you learn? And what will do differently next year?

A study based on 13 years of tax data finds that most millionaires don’t move cross-country just to avoid a tax bill.

Highlights of some of our favorite tax-related blogs from the past week.

The Internal Revenue Service’s oversight of the Low-Income Housing Tax Credit program remains minimal at best, despite a critical report last year by the Government Accountability Office, according to a new GAO report.

The Internal Revenue Service failed to identify and assist all taxpayers who may have been affected by the data breach in its online “Get Transcript” application, according to a new government report.

The Internal Revenue Service has ruled that fines issued by the brokerage industry’s self-regulatory body, the Financial Industry Regulatory Authority, or FINRA, are not tax deductible.

The Internal Revenue Service has issued final and temporary regulations to curb the use of spinoffs of corporate assets into real estate investment trusts, or REITs, to reduce taxes.

As Ireland braces itself for a European Union order to claw back unpaid taxes from technology giant Apple Inc., government officials have warned Finance Minister Michael Noonan that he would face two crucial questions once the decision comes.

The U.S. Tax Court gave a taxpayer extra time to file a petition after a winter storm forced the closure one day last year of all federal offices, including the Tax Court.

Summer jobs are an excellent opportunity to learn responsibility in the areas of work ethic, time management, and financial responsibility.

California was the only state to change its sales tax rate in the first quarter of the year, spurring a host of changes in local sales taxes across the state, according to a new report.