IRS

In comment letters sent to the IRS, the AICPA requested improvements be made to two tax returns pertaining to foreign trusts.

In addition to IRS representation training sessions, the partnership will enable tax professionals to explore adding new revenue streams to their practices with tax resolution services.

The last time the agency increased interest rates on tax overpayments and underpayments was for Q1 of this year.

The proposed regulations are viewed by backers as critical to policing a largely unregulated sector plagued by tax avoidance.

The IRS on Aug. 23 announced 2024 indexing adjustments for important percentages under the Affordable Care Act.

These proposed temporary regulations provide some guidance to the pre-registration filing requirements, as well as the clarification and definition of applicable entities.

When it comes to a corporation’s relationship with its accounting firm, the firm itself is less important than the partner who leads its engagement team in lowering its tax rate.

The heavy highway vehicle use tax is an annual federal excise tax on heavy highway motor vehicles operating on public highways.