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The IRS Lost a Case Over a Postmark

Every practitioner has had this conversation with a client: "I never got that letter from the IRS." Usually, that's treated as the client's problem....

Key Changes Coming to Circular 230: What Tax Preparers Need to Know

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

Trump's IRS Pick Raises Questions About Leadership Change and ERC Oversight

President-elect Trump's nomination of former Rep. Billy Long as IRS Commissioner would mark a significant shift in agency leadership and policy...

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...

Limited Partners Can No Longer Avoid Self Employment Tax

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

How to Get Things Done When You Feel Overwhelmed

Did everyone take a long post-tax season vacation or is everyone diving into the never-ending to-do list that piles up in the months leading up to...

Gearing Up for the TJCA Fight

Tax professionals are becoming keenly aware of the challenges that lie ahead as Congress prepares to tackle the extension of the Tax Cuts and Jobs...

Leveraging IRS Online Tools

The Internal Revenue Service (IRS) has been steadily expanding its suite of online tools and services for tax practitioners, aiming to streamline...

Maximizing New Small Business 401(k) Tax Credits

With the recent changes introduced by the SECURE 2.0 Act, small businesses that offer qualified retirement plans, such as 401(k)s, may now be...

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