Report: IRS Destroyed 30 Million Paper Tax Documents
An audit by the Treasury Inspector General for Tax Administration (TIGTA) has found that the Internal Revenue Service made an...
Schedules K-2 and K-3 e-file capability postponed for S corporations
May 19, 2022
The IRS has delayed by more than a month the rollout of an electronic filing protocol for Schedules K-2, Shareholders’ Pro...
Lien is invalid because IRS did not verify notices of deficiency
May 16, 2022
The Tax Court, in a Collection Due Process (CDP) hearing review, refused to sustain the filing of a Notice of...
Inflation boosts HSA amounts for 2023
May 12, 2022
The maximum contribution to a health savings account and certain related benchmarks will be sharply higher next year, reflecting inflation-linked...
IRS to permit reliance on frequently asked questions
May 10, 2022
On Oct. 15, 2021, the IRS announced changes that allow taxpayers to argue reliance on Service-issued frequently asked questions pages (FAQs) in...
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