IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Says It's Getting Tougher on Micro Captive Users
By Allison BellThe agency may go easier on taxpayers who can show they relied on the advice of competent tax advisors.
September 30, 2020
IRS Issues Final Regs on Annuity Payments, Business EntertainmentIRS also issued final regs on business expense deduction for meals and entertainment.
September 21, 2020
IRS Finalizes Last Set of 100% Bonus Depreciation RulesThe deduction applies to property acquired and placed in service after Sept. 27, 2017; IRS also issues regs on estates, non-grantor trusts
September 17, 2020
IRS Plugs a Hole Left by a Missing DeductionA new regulation addresses an unintended effect of the death of the personal exemption deduction.
September 09, 2020
IRS Reaches Out to Americans Who Didn't Get Stimulus PaymentsThe IRS is sending letters to about 9 million people who didn't file tax returns but may be eligible.
August 31, 2020
IRS Issues Payroll Tax Deferral Guidance Amid Widespread CriticismAccounting exec Daniel Morris recommends that employers "don't walk, but run, from this poorly designed program."
August 24, 2020
IRS Provides Tax Relief for California Wildfire VictimsThe news comes as the Golden State faces at least 625 fires statewide being battled by 14,000 firefighters.
August 19, 2020
How the IRS' Tax Backlog Could Affect Your ClientsMany taxpayers are receiving IRS notices for nonpayment of taxes that they already paid. Here's what to do, according to CPAs.