IRS WATCH

Taxpayer Advocate no longer helping with amended returns

By Michael Cohn       3 min read

The backlog of unprocessed returns has prompted the TAS to reject requests for assistance where the only issue involves amended returns. Read story →

The tax impact of the infrastructure act

By Roger Russell       4 min read

The new act impacts cryptocurrency, the Employee Retention Credit and tax deadlines. Read story →

Persistent IRS logjams and errors muddle financial planning for millions on eve of new filing season

By Lynnley Browning       5 min read

The agency has cleared out much of its mammoth backlog of unprocessed returns, but scores of individuals and small business owners remain in limbo.  Read story →

IRS offers online tool for U.S. withholding agents to report foreign income

By Michael Cohn       2 min read

The tool will help U.S. withholding agents comply with their reporting and withholding responsibilities with Form 1042-S. Read story →

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New IRS rules for R&D credits causing angst

By Michael Cohn       7 min read

The service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals. Read story →

Tax Fraud Blotter: Bad policies

By Jeff Stimpson       6 min read

Broken Link; pit stopped; c’mon, Man; and other highlights of recent tax cases. Read story →

Full meals now part of per diem rate: IRS

By Jeff Stimpson       1 min read

New guidance on the temporary 100% deduction is available in Notice 2021-63. Read story →

IRS ups transcript limit for tax pros to 30

By Michael Cohn       2 min read

The service has increased the number of transcripts that tax professionals can order per client to 30, up from 10 previously. Read story →

4 tips to help CPAs avoid burnout

By Justin Hatch      

CPAs put a lot of time and effort into guiding their clients to financial success, but that work can come at a cost.  Read story →

KPMG sued for $600M over alleged sloppy auditing

By Will Louch and Nicolas Parasie       2 min read

The claimants allege that KPMG “failed to maintain independence and an appropriate attitude of professional skepticism" in the insolvency of Dubai private-equity firm Abraaj Group.  Read story →

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