The IRS issued regulations on the simplified accounting method rules for small business taxpayers enacted in 2017 by the…
Simplified accounting rules issued for small businesses
{$inline_image} The IRS issued regulations on the simplified accounting method rules for small business taxpayers enacted in 2017 by the…
IRS to allow faxing of automatic method change requests
The IRS announced that, beginning Friday, in response to the coronavirus pandemic, it is temporarily accepting duplicate copies of…
IRS issues business interest expense limitation guidance
The IRS issued a package of related guidance on the business interest expense limitation enacted in the law known…
IRS issues business interest expense limitation guidance
{$inline_image} The IRS issued a package of related guidance on the business interest expense limitation enacted in the law known…
Guidance on recapture of excess employment tax credits
The IRS issued temporary and proposed regulations on how it will recapture excess credits taken by employers under recent…
GILTI rules address income subject to high foreign tax rate
The IRS issued final regulations under the global intangible low-taxed income (GILTI) rules on the treatment of income subject…
IRS updates annual Dirty Dozen tax schemes for 2020
The IRS issued its top 12 “Dirty Dozen” tax scams, warning people to be vigilant to avoid these schemes…
IRS reinstates PTIN user fees
The IRS said it would once again begin charging fees to issue preparer tax identification numbers (PTINs) to tax…
Partnership form being redesigned for 2021
The IRS proposes modifying the partnership form (Form 1065) to help standardize the format of international tax items. Source:…