In Notice 2019-66, released this week, the IRS clarified and provided some relief from reporting requirements otherwise applicable to partnerships filing Forms 1065 for tax years beginning in 2019.

On May 21, 2018, the IRS Large Business and International division added foreign trust information reporting to its "compliance campaigns," signaling that the IRS sees a "compliance risk" in this area ...

The IRS has announced procedural changes that will impact exempt organizations in 2018. These changes concern new organizations and organizations that have lost exemption due to automatic revocation.

For more than a decade, the IRS has engaged in a vigorous enforcement campaign involving U.S. taxpayers with unreported foreign accounts and assets.

Under an obscure provision of a 2001 tax law, there is to be a one-year repeal of the federal estate tax for the year 2010. Contrary to all predictions, Congress failed to act before the end of 2009 and the year of no estate tax has begun.

On March 28, 2013, the IRS finalized the program for pre-approval of prototype and volume submitter 403(b) plan documents first announced in 2009.

Last month, the Department of Labor ("DOL") published new proposed regulations addressing who is a fiduciary of an employee benefit plan by virtue of rendering investment advice to the plan or its participants.

A Letter of Inquiry usually allows a party 30 calendar days to respond with the requested information and documents.

On his first day in office, President Biden signed an executive order requiring all appointed executive branch personnel to sign an ethics pledge committing, among other things, to ...

The Treasury Department and the Internal Revenue Service recently released their 2013-2-14 Priority Guidance Plan, which lists the 324 guidance projects that will be priorities for the allocation of resources during the fiscal year ending in June 2014.

number of legislative actions and IRS pronouncements over the last six months may be of interest to charitable organizations and other organizations that are exempt from tax under the provisions of Internal Revenue Code section 501

The Tax Cuts and Jobs Act changed the way tax-exempt organizations calculate their unrelated business taxable income.

The IRS has announced a new "Campaign." It will focus its attention on U.S. persons who have reduced their U.S. tax burden by claiming benefits under Puerto Rico Act 22.

Changes in the Administration, high state tax rates, and COVID-19 have all increased the spotlight on where taxpayers wish to call home.

A recent CNBC report suggests that several billion dollars of estate tax due from the estates of foreign decedents on investments in U.S. stock and real estate goes uncollected by the IRS every year.

The IRS has issued guidance providing for a "simplified and streamlined approach," or SSA, to transfer pricing for marketing and distribution activities that is expressly reliance-eligible for taxable years beginning on or after January 1, 2025.

In these difficult times, the IRS has taken action to ease the burden on taxpayers during the COVID-19 outbreak.

Today's guest post is from Jonathan Black, a senior associate in the Washington DC office of Caplin & Drysdale. Jon discusses the IRS's latest efforts to address conservation...

Health flexible spending accounts are a popular component of cafeteria plans that permit salary reduction contributions and flex credits from which certain medical expenses may be reimbursed on a pre-tax basis.

The OC List provided on the IRS website identifies changes in qualification requirements effective during a calendar year.