Tax regulations

The IRS is reminding tax pros to register for or renew their professional ID number by Dec. 31.

The Supreme Court decision in Loper Bright has broad implications for the tax regulations written and administered by the Treasury and the IRS as well as the agencies tasked with the regulation of the alternatives industry.

The Internal Revenue Service says it is processing some 400,000 claims for the Employee Retention Credit, representing about $10 billion of eligible claims.

The IRS and the Treasury proposed regs on the corporate alternative minimum tax on companies with over $1 billion in income, but those rules could impact much smaller companies as well.

The American Institute of CPAs sent a comment letter to the Treasury Department and the Internal Revenue Service objecting to guidance on basis-shifting involving partnerships and related parties.

The new rules require that certain syndicated conservation easements must be reported to the IRS.

The program will allow the representatives of a large business to share a mailbox to communicate with Appeals office employees.

Third-party payers like payroll providers can now withdraw claims for individual clients.

The IRS is reminding tax pros and employers that the window for voluntarily disclosing incorrect ERC claims is Nov. 22.

Rev. Proc. 2019-48 lays out the new rates for taxpayers who don't want to substantiate their actual expenses.

The Internal Revenue Service issued final regulations on consistent basis reporting between an estate and a person acquiring property from a decedent.

The Internal Revenue Service issued a notice on Friday excluding from gross income the value of any tribal general welfare benefit.

The Internal Revenue Service and the Treasury issued proposed regs on the Corporate Alternative Minimum Tax.

Find out more about the latest guidance and procedure changes out of the IRS and what they mean for the industry at large.

Revenue Procedure 2024-34 expands the waiver of the eligibility rules to accounting method changes.

The IRS has received over 800 project proposals seeking over $40 billion in credits.

Useful tips; pets and tax bills; becoming simply profitable; and other highlights from our favorite tax bloggers.

Eligible taxpayers can apply between Sept. 4 to Oct. 31

The guidance in Notice 2024-63 is for employers that want to employees' student loan payments.

For a limited time, businesses can fix incorrect Employee Retention Credit claims without penalties or interest.