IRS

The Internal Revenue Service has released the cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015.

The Internal Revenue Service (IRS) will not meet the Department of the Treasury’s 2015 goal for full compliance with a directive requiring Federal agencies to issue identification cards that allow workers to gain access to Federally controlled facilities

Management oversight and internal controls at the Internal Revenue Service’s (IRS) Office of Safeguards should be improved to ensure the effective protection of Federal Tax Information (FTI).

The report provides an overview of the AICPA’s Accounting and Review Services Committee’s new standard, which clarifies and revises the Statements on Standards for Accounting and Review Services (SSARS).

[This is part of a special series about year-end tax planning and preparation.] In the usual case, the tried-and-true tax strategy at the end of the year is to pull deductions into the current year and push income into the following year. And, for the most part, it still makes sense. But now there’s a few […]

[This is part of a special series of articles designed to maximize tax benefits and minimize tax pitfalls at the end of the year.] The alternative minimum tax (AMT) is often referred to as a “stealth tax” because it sneaks up on unsuspecting taxpayers. But you’re not doing your job well if your clients are caught […]

The Internal Revenue Service has announced that a planned power outage will cause some services to be unavailable this weekend (Oct. 11-14), which may affect some of the million-plus tax filers, and their tax professionals, who file extended personal inco

Americans and Canadians with registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) now automatically qualify for tax deferral similar to that available to participants in U.S. individual retirement accounts (IRAs) and