The IRS Extends the Transition Period for Enhanced R&D Tax Credit Reporting Requirements
Peter J. Scalise
On Friday, September 30th the Internal Revenue Service (the “Service”) set forth administrative guidance indicating that it is extending the transition period during which taxpayers are required to adhere to the much more arduous and onerous R&D Tax Credit reporting requirements in connection to amending tax returns within open statute...
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IRS Issues Revised Audit Technique Guide for Cost Segregation Analysis
On June 9th, the Internal Revenue Service (hereinafter the “Service”) issued a revised Audit Technique Guide to assist examining agents…
Frustrating Dealings with IRS Surpasses Staff Shortages
Difficulties in working with a resource-challenged Internal Revenue Service have become a more pressing concern for CPA firms over the…
214 in Congress Support IRS Penalty & Collection Relief Coalition
“While the COVID-19 pandemic has strained every federal agency, the impact on the IRS has been particularly severe,” wrote the group…
Everything You Need to Know About Form 1099-NEC
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IRS Chief Counsel Signals Increased Tax Enforcement
The Internal Revenue Service (IRS) Chief Counsel is the chief legal advisor to the Commissioner of Internal Revenue on all…
IRS Facial Recognition Log In Deeply Troubling
According to the Federal Trade Commission’s 2021 Data Book, the Consumer Sentinel Network received over 4.7 million consumer reports focusing…
Top 1% of Taxpayers Pay More Taxes Than the Bottom 90% Combined
The Internal Revenue Service (IRS) has released data on individual income taxes for tax year 2019, showing the number of taxpayers, adjusted…
Tax Law Struggles to Keep Pace with the Proliferation of Cryptocurrency
The technical architecture of various cryptocurrencies makes it difficult to bring them within existing tax rules, even those designed to…
