The Treasury Department and IRS are proposing significant amendments to Circular 230, marking the most substantial changes since 2014. These changes...

A landmark case before the U.S. Court of Appeals for the First Circuit could fundamentally alter how cannabis businesses are taxed under federal law....

In a move that could significantly affect how tax practitioners manage IRS information requests, National Taxpayer Advocate Erin Collins has voiced...

Regardless of your position on the election results this week, the important component for tax practitioners is the potential for tax law changes...

The Internal Revenue Service (IRS) has unveiled draft Form 7217, "Partner's Report of Property Distributed by a Partnership," set for implementation...

The Tax Court's recent ruling in Soroban Capital Partners has significant implications for determining whether a limited partner's distributive share...

Federal law changes this year have shed new light on employee and contractor classifications. Employers need to take a close look at how employees...

The recent case of Gagliardi v. Prager Metis CPAs LLC (No. 1:23-cv-07454, S.D.N.Y. 2024) has sent ripples through the tax preparation community,...