Taxpayers may be subject to the risk that an IRS examination could increase (or create) a gift tax or estate tax liability many years after a gift is made. Practitioners can help clients limit this ...

Tax practitioners should be familiar with the special rules that apply and issues that can arise when an accounting method change is made while a taxpayer is under IRS examination.

The court refused to dismiss a taxpayer’s claim under Sec. 7431 against a company that employed an individual who made an unauthorized disclosure of the taxpayer’s tax return and information.

Recent final regulations offer guidance as to what Treasury and the IRS may consider an eligible method for partnerships and Sec. 987 QBUs held by partnerships to determine Sec. 987 gain or loss.

The IRS has issued job termination notices to employees in its Taxpayer Experience Office and its Office of Equity, Diversity and Inclusion in Taxpayer Services. IRS employees received an email ...

It is not clear what will happen next to projects being done by the Taxpayer Experience Office, like making IRS notices to taxpayers more simple. The IRS has issued job termination notices to ...

The Internal Revenue Service began issuing layoff notices to employees on Friday in what is expected to be a sweeping reduction of the agency’s more than 90,000 employees. IRS’ Office of ...

The IRS is bracing for a $500 billion drop in tax revenue this year, in part due to President Donald Trump’s rapid demolition of parts of the agency. And a look at the unprecedented deal brewing ...

Those notices raised questions among recipients as to the information Littlejohn may have disclosed. In mid-December, the IRS began issuing a second round of notification letters. Although the ...

In early 2022, the IRS expanded these protections to include the suspension of some IRS notices, like levy notices. They did this to help people who owed back taxes, which became particularly ...

National Taxpayer Advocate Erin Collins is objecting to proposed regulations that would enable the Internal Revenue Service to shorten its third-party notice requirements to as little as 10 days, ...