The Internal Revenue Service and the Treasury Department are offering a safe harbor to provide relief to taxpayers who borrowed money to attend a nonprofit or for-profit school and had their student loan debts discharged.
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IRS Watch
January 22, 2020
Upcoming Events January 22, 2020
IRS offers tax relief for student loan debt discharges
By Michael Cohn      2 min read
The Internal Revenue Service and the Treasury Department are offering a safe harbor to provide relief to taxpayers who borrowed money to attend a nonprofit or for-profit school and had their student loan debts discharged.
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Tax Fraud Blotter: Her little secrets
By Jeff Stimpson      5 min read
A little off the top; noted; over the Edge; and other highlights of recent tax cases.
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Tax season is coming and it might be as chaotic as last year
By Laura Davison      5 min read
Filing taxes last year was a nightmare for taxpayers, their accountants and the Internal Revenue Service. This year might not be much better.
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IRS leaker who outed Michael Cohen’s banking secrets is spared jail time
By Joel Rosenblatt      2 min read
A former Internal Revenue Service analyst persuaded a judge not to send him to prison for leaking confidential government records on suspicious banking activity by President Donald Trump’s former lawyer Michael Cohen.
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In the blogs: The coming grind
By Jeff Stimpson      3 min read
Popular forms’ deadlines; sharper eye on S corps; when restitution has mattered; and other highlights from our favorite tax bloggers.
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The millionaires who actually want to pay more in taxes
By Sophie Alexander      6 min read
They call themselves the Patriotic Millionaires, and they say with straight faces it’s time the ultra-affluent kick in more to Uncle Sam.
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IRS considers relief for corporations from double taxation for repatriation
By Michael Cohn      1 min read
The Internal Revenue Service said it may provide relief from double taxation in some circumstances to corporations because of the repatriation tax under the Tax Cuts and Jobs Act.
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Expat tax services directory updated and expanded
By Michael Cohn      2 min read
American Citizens Abroad, a group that promotes the interests of U.S.-born expatriates, has updated and relaunched its online Expat Tax Services Directory of firms providing tax services, tax preparation, accounting services, financial advisory and legal services.
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