IRS WATCH

IRS extends e-signatures on dozens of tax forms through end of 2021

By Michael Cohn       4 min read

The Internal Revenue Service has extended the ability to digitally sign a wide variety of tax forms through the end of the year. Read story →

Are the DOJ and IRS backpedaling on considering cryptocurrency as property?

By Charles Kolstad       3 min read

Justice made a startling claim in a legal filing that cryptocurrencies are not in all instances property for U.S. tax purposes. Read story →

IRS updates per diem rates for travel expenses for 2021-2022

By Michael Cohn       2 min read

The service has issued Notice 2021-52 with special per diem rates that take effect Oct. 1, 2021.  Read story →

IRS lists R&D tax credit among its Dirty Dozen, so is it still safe to claim?

By David Seibel       4 min read

Certain firms are aggressively marketing the research credit to taxpayers who don’t qualify in the first place. Read story →

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Biden's tax increases: Drama in the shifting state of play

By Lynnley Browning       5 min read

Fighting among Democratic lawmakers over proposed hikes in individual and capital gains taxes is intensifying, creating more questions and opportunities for advisors.  Read story →

Tax Fraud Blotter: No free lunch

By Jeff Stimpson       5 min read

Everybody’s All-American thief; getting a new kind of number; out of a job; and other highlights of recent tax cases. Read story →

Hedge fund founder to pay IRS billions in back taxes

By Zachary R. Mider       2 min read

The founder of Renaissance Technologies and his colleagues will pay billions to resolve one of the biggest tax disputes in U.S. history.  Read story →

COVID led to big backlogs, bad penalties for biz returns: TIGTA

By Daniel Hood       2 min read

Unprocessed paper-filed business returns jumped from 239,285 to 7.9 million. Read story →

5 reasons staff are leaving your firm

By Chase Birky      

People are fed up with being treated like a machine in an assembly line. Read story →

The very rich already have a plan to escape Biden’s tax increase

By Ben Steverman       5 min read

Many on Wall Street think they’ve found just the thing to hide from a tax hike. Read story →

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