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IRS Proposal to Slash Third-Party Notice Period Draws Criticism

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

Trump and Taxes: What a New Administration May Bring

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

IRS Introduces Draft Form 7217: Implications for Partnership Distributions

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

Changes Coming to Individual Estimated Tax Payments

The current system of quarterly individual estimated tax payments poses significant challenges for taxpayers, particularly those in the gig economy....

IRS Maintains ERC Moratorium Despite Pressure

The Internal Revenue Service (IRS) has announced it will continue its moratorium on processing new Employee Retention Credit (ERC) claims, citing...

The Great COVID Heist: IRS Announces Billions in Fraud

As the United States grappled with the devastating effects of the COVID-19 pandemic, the government rolled out an unprecedented relief plan to help...

Efficiently Handle IRS Notices with Tech

If you feel like your clients have recently experienced an uptick in IRS notices, you’re not alone. During the pandemic and through most of last...

The IRS’ New Use of AI

The Internal Revenue Service (IRS) is turning to artificial intelligence (AI) to help select tax returns for audits, aiming to narrow the tax gap. A...

The IRS’ New Use of AI

The Internal Revenue Service (IRS) is turning to artificial intelligence (AI) to help select tax returns for audits, aiming to narrow the tax gap. A...

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