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.

“Establishing trust with taxpayers was core to our approach for designing and building Direct File. By creating the most accurate option for filing, by making taxes accessible to all, by keeping ...

Walczak was sentenced to 18 months in prison in April 2025, ordered to pay $4.4 million in restitution, and given two years ...

Why do you need a lawyer for an IRS audit? Have you received an IRS audit notification (IRS form letter 2205-A, 2205-B, or ...

Cutbacks and vague guidance threaten the IRS's ability to carry out its responsibilities, which include overseeing the ...

The Internal Revenue Service is expected to lean more heavily on artificial intelligence technology to select cases as it ...

A new business strategy has entered the legal cannabis trade: claiming exemption from a burdensome federal tax provision that ...

The 280E section bars any company from claiming standard business tax deductions if it traffics in Schedule I or Schedule II controlled substances. Marijuana has been a Schedule I narcotic since the ...

A federal judge in Boston on May 23, 2025, temporarily blocked a Trump administration order that would have revoked Harvard ...

The Trump administration's decision to implement extensive layoffs at the IRS is raising concerns among tax experts. While ...

The Trump administration's significant cuts to the IRS workforce have sparked concerns about reduced public revenue and a ...