Tax regulations

The IRS threw a late curveball at tax professionals scrambling to meet the April 15 deadline, and for partnerships and corporations in general.

An earlier postponement of the reapplication date has been rescinded.

The Internal Revenue Service and the Treasury Department issued proposed rules for the stock buyback tax for large corporations.

The Internal Revenue Service clarified the treatment of money paid for energy-efficient property and improvements in Announcement 2024-19.

The Internal Revenue Service is making some changes in the way it sends tax transcripts for clients to tax professionals to beef up security.

With tax authorities scrutinizing partnerships, CPAs and tax pros need to think more strategically about filing for extensions.

Notice 2024-30 expands rules for determining an "energy community," among other things.

Some companies are misrepresenting when food and wellness expenses can be paid for by FSAs, HSAs and other health spending plans.

Taxpayers who exit the tax system by not filing a required return have emerged as a growing and under-the-radar problem for the IRS.

The IRS has released two new sets of regs and guidance on different credits.

The IRS is particularly interested in applications covering Hawaii, Kansas, Nevada, North Dakota, South Dakota, West Virginia and Puerto Rico.

The Internal Revenue Service issued a FAQ on a program that offers help to farmers, ranchers and forest landowners who experienced discrimination by the USDA in farm lending.

The IRS wants to help businesses know when they don't qualify for an Employee Retention Credit.

The IRS is pushing back tax filing and payment deadlines for those affected by storms, landslides and mudslides last August.

The tax credits now helping underwrite many electric vehicle purchases are top targets if Republicans win the White House or strengthen their grip on Capitol Hill in November.

The Internal Revenue Service revised its frequently asked questions on the Form 1099-K to alleviate confusion this filing season.

And what to do if your client hasn't received their abatement from the IRS.

The American Institute of CPAs is asking the Treasury and the Internal Revenue Service to postpone the effective date of their final regs on donor-advised funds.

The IRS is pushing back payment and filing deadlines.

The Qualified Business Income tax deduction of 20% is set to expire in 2025 (unless it's extended), which may have clients who are starting a business wondering about the potential impact of their choice of entity.