Category Archives: Tax News

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Werfel to resign Monday as IRS commissioner

Category:Tax News

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Danny Werfel, who had two years remaining on his term, said he made the decision after “significant introspection and consultation.” An AICPA statement praised Werfel for “moving the IRS in the right direction to improve taxpayer services and start instituting modern technologies.”


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Werfel to resign Monday as IRS commissioner

Category:Tax News

This post was originally published on this site

Danny Werfel, who had two years remaining on his term, said he made the decision after “significant introspection and consultation.” An AICPA statement praised Werfel for “moving the IRS in the right direction to improve taxpayer services and start instituting modern technologies.”


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Final regs address taxes on gifts to taxpayers from ex-U.S. citizens, residents

Category:Tax News

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The final regulations implement Sec. 2801, added to the Code in 2008, and follow up on proposed regulations issued 10 years ago.


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Final regs address taxes on gifts to taxpayers from ex-U.S. citizens, residents

Category:Tax News

This post was originally published on this site

The final regulations implement Sec. 2801, added to the Code in 2008, and follow up on proposed regulations issued 10 years ago.


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Final regs. address resolution of federal tax controversies by Appeals

Category:Tax News

This post was originally published on this site

The final regulations, which include 24 exceptions to consideration of federal tax controversies by the Independent Office of Appeals, generally follow the proposed regulations issued in October 2022.


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Final regs. address resolution of federal tax controversies by Appeals

Category:Tax News

This post was originally published on this site

The final regulations, which include 24 exceptions to consideration of federal tax controversies by the Independent Office of Appeals, generally follow the proposed regulations issued in October 2022.


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IRS testing changes to alternative dispute resolution programs

Category:Tax News

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New pilot programs involve fast-track settlements and post-appeals mediation.


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Prop. regs. address expanded annual compensation deduction limitation

Category:Tax News

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The regulations provide guidance on determining who is one of the “five highest compensated employees” under Sec. 162(m)(3)(C).


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Prop. regs. issued for spinoff transactions and their reporting

Category:Tax News

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The IRS said it used feedback from tax advisers to write the proposed regulations, which include new multiyear tax reporting requirements.


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Regs. identify microcaptive transactions as reportable transactions

Category:Tax News

This post was originally published on this site

The final regulations, posted by the IRS on Tuesday in the Federal Register, identify certain microcaptive transactions as reportable listed transactions or transactions of interest.