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 ...

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.

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.

Clear Start Tax Explains How the IRS Can Legally Withhold a Portion of Your Social Security and What Retirees Can Do About It ...

The Big Beautiful Bill Act, which passed the House, includes an exemption on overtime taxes.

The IRS’s extended June 16 deadline gives you a little more time to prepare and file your return, along with any applicable ...

The IRS on May 23, 2025, released 2025 production tax credit (PTC) amounts under Section 45 of the Internal Revenue Code. The guidance provides ...

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

On May 22, 2025, the House of Representatives passed the One Big Beautiful Bill Act (OBBBA). Tax-related proposals contained in the OBBBA would ...

The worldwide crypto tax software market is growing at a rapid pace and is expected to grow at a CAGR of 15.8% from 2024 to ...