IRS

Corporate_Tax_Return_1_.5422e980f2002

September 24, 2014 

IRS Concedes Defeat on Circular 230 Contingent Fees

The IRS has decided it won’t appeal a recent court ruling handed down in favor of Ryan, a global tax preparation services firm, that invalidates and permanently enjoins the IRS from prohibiting such arrangements for refund claims and amended returns.

Ken Berry, JD

 IRS Extends Deadline to Claim Retirement Loss Deductions

September 21, 2014 

IRS Extends Deadline to Claim Retirement Loss Deductions

On September 18, the IRS released an advanced copy of Rev. Proc. 2014-54, which provides guidance on certain changes in method of accounting for dispositions of tangible depreciable property. One of the most notable changes in this 93-page document is tha

taxes91

September 11, 2014 

CPAs Challenge the IRS on PTIN Fees

First, a federal appeals court invalidated most of the regulations imposing continuing education and other regulatory requirements imposed by the IRS on tax return preparers (Loving, et al v. IRS, Civil Action 12-385 (JEB), U.S. Dist. Ct. DC, 1/18/13). .

Ken Berry, JD

 GAO: Taxpayer Identity Theft is Soaring

September 5, 2014 

GAO: Taxpayer Identity Theft is Soaring

The IRS is grappling with a nearly five-fold increase in taxpayer identity theft between 2008 and 2010, a Government Accountability Office official plans to tell a House hearing Thursday. There were 248,357 incidents in 2010, compared to 51,702 in 2008.