Tax regulations

The American Institute of CPAs has sent a set of proposed guidelines to the Internal Revenue Service recommending how the IRS should deal with the allocation of unrelated business income expenses of tax-exempt organizations for dual-use facilities and personnel.

The Internal Revenue Service is temporarily delaying issuance of additional rules while evaluating the impact of executive orders from President Trump, and scaling back enforcement of the individual mandate under the Affordable Care Act.

Democrats on the tax-writing House Ways and Means Committee are objecting to a resolution from House Republicans to repeal recently finalized Treasury Department rules that would discourage corporate tax inversions.

For many years, corporate accounting professionals have been taking advantage of cost segregation studies to provide significant tax benefits for their businesses by accelerating the depreciation on qualified fixed assets.

The Internal Revenue Service has issued a notice outlining special procedures for handling the estates of same-sex couples.

One of only two political appointees at the Internal Revenue Service steps down ahead of the incoming Trump administration and is replaced by his deputy.

The Internal Revenue Service has issued a notice for determining the value of personal use of employer-provided vehicles under the Income Tax Regulations’ special valuation rules.

Notice says account transcript that includes a transaction code of “421” and the explanation “Closed examination of tax return” can serve as the functional equivalent of an estate tax closing letter.

The American Institute of CPAs is asking the Internal Revenue Service to simplify the regulations and make them less of a burden.

The Internal Revenue Service has released guidance easing penalties for some mistakes.

With Republican control of Congress and the presidency, most practitioners think some kind of change is coming to the Tax Code – but they differ wildly on what form it will take.

The IRS's annually updated standard mileage rates for deducting costs of operating an automobile come with some important rules.

IRS issues 2017 optional standard mileage rates for deductible costs of operating an automobile.

The American Institute of CPAs is asking the Internal Revenue Service and the Treasury Department to withdraw and, if necessary, re-propose their rules for the valuation of interests in corporations and partnerships for estate, gift and generation-skipping transfer tax purposes.

President-elect Donald Trump warned U.S. companies that moving manufacturing to other countries would be a “very expensive mistake” as they will face heavy new taxes—an approach likely to face resistance from lawmakers in his own party.

Small businesses in the U.S. on average pay an extra $5,128 in taxes to make up for revenue lost to the use of offshore tax havens by multinational corporations, according to a new study.

The Securities and Exchange Commission’s comment letters to public companies on their tax disclosures are prompting better tax compliance, according to a new study.

Donald Trump’s incoming administration may decide to make some changes in tax policy for household employers and employees, including an idea that Trump credited to his daughter Ivanka to allow parents to deduct childcare expenses from their taxes.

The Internal Revenue Service is changing the process for requesting documents from tax-exempt groups.

The Internal Revenue Service has removed a rule requiring that a discharge of indebtedness for which a Form 1099–C, ‘‘Cancellation of Debt,’’ must be filed occurs when a 36-month non-payment testing period expires.