2+ mon, 1+ week ago   (25+ words) Once rarely imposed, transfer pricing penalties are now a routine feature of IRS examinations, making the quality of transfer pricing documentation more important than ever....

3+ mon, 2+ week ago   (373+ words) Capitol Hill tax staff haven't ruled out an end-of-year bipartisan tax package to adjust retirement fixes and international tax issues that have gone unaddressed—even as Republican lawmakers race against the clock to pass a "skinny" reconciliation package. Ji Prichard,…...

3+ mon, 3+ week ago   (264+ words) The Internal Revenue Service has increased the amount of overtime hours and pay for its employees after extensive staffing reductions and last fall's government shutdown, according to a new report. Taxpayer Services accounted for 87% of the overtime hours worked, according…...

4+ mon, 16+ hour ago   (604+ words) The Internal Revenue Service provided more details Wednesday about the settlements it's offering for a limited time to taxpayers involved in syndicated conservation easement and historic preservation claims disputed by the IRS as tax shelters. The tax law allows an…...

4+ mon, 1+ week ago   (288+ words) The Internal Revenue Service and the Treasury Department posted temporary regulations and a notice of proposed rulemaking Thursday outlining a new way to recover federal excise taxes paid on dyed fuel under the One Big Beautiful Bill Act. The temporary…...

4+ mon, 2+ week ago   (313+ words) The House Appropriations Committee approved further budget cuts for the Internal Revenue Service, expanding the use of artificial intelligence and data analytics to handle enforcement along with a restructuring effort that aims for greater efficiencies, while rejecting Democrats' efforts to…...

4+ mon, 2+ week ago   (178+ words) He noted that since 2007 the program has recovered more than $7.37 billion in unpaid taxes, while other estimates from the committee put the figure at over $7.5 billion. The House passed bipartisan legislation to strengthen the Internal Revenue Service's Whistleblower Awards Program…...

5+ mon, 1+ week ago   (172+ words) The tax-writing House Ways and Means Committee unanimously approved five bipartisan tax-related bills last week aimed at helping natural disaster victims, sexual assault survivors, pre-school teachers, taxpayers in general and tax fraud whistleblowers. The Financial Accounting Standards Board met to…...

4+ mon, 3+ week ago   (782+ words) Senators introduced several pieces of tax-related legislation this week, including measures aimed at improving customer service at the Internal Revenue Service, cracking down on tax evasion and curbing the carried interest tax break, in addition to efforts in the House…...

4+ mon, 4+ week ago   (390+ words) The report, released Tuesday by the Treasury Inspector General for Tax Administration, examined Foreign Account Tax Compliance Act, also known as FATCA, which was included as part of a 2010 law in an effort to tax income held by U.S. citizens in…...