TAXATION



IRS Moves for Stay of PTIN Fee Injunction
 

IRS Moves for Stay of PTIN Fee Injunction

Posted: July 27, 2017
The IRS has moved for a stay of the injunction that prohibits it from charging a fee for preparer tax identification numbers. If granted, the stay will allow the IRS to charge the fee while it decides whether to appeal the District Court decision that strikes down the fee and, if it does appeal, during the appeal.

IRS Office of Appeals Pilots Virtual Service
 

IRS Office of Appeals Pilots Virtual Service

Posted: July 24, 2017
The Internal Revenue Service Office of Appeals will soon pilot a new web-based virtual conference option for taxpayers and their representatives. This virtual face-to-face option will provide an additional option for taxpayer conferences.

New IRS Audit Partnership Rules to Impact Tax Planning
 

New IRS Audit Partnership Rules to Impact Tax Planning

Posted: July 14, 2017
New proposed IRS tax regulations that create a more centralized approach to partnership audits raise important tax questions for firms and their clients. The issue was discussed at NJCPA's Annual Convention & Expo last month.

International Business Strategies
 

International Business Strategies

Posted: July 7, 2017
Companies often come to a realization that there are international consumer markets that can benefit from their products and/or services just as much the domestic market. Therefore, many companies decide to go the international route. Find out what needs to be considered.

IRS Launches Education Campaign Aimed at Tax Pros
 

IRS Launches Education Campaign Aimed at Tax Pros

Posted: July 6, 2017
The IRS today warned tax professionals to increase their computer security and to beware of their inbox – specifically the successful email scams dubbed spear phishing that identify themselves as a friend, customer or company.

IRS Launches Country-by-Country Reporting Pages on IRS.gov
 

IRS Launches Country-by-Country Reporting Pages on IRS.gov

Posted: June 30, 2017
These pages provide background information on Country-by-Country Reporting, frequently asked questions and other helpful resources, including a list of jurisdictions that have concluded Competent Authority Arrangements with the United States.

National Taxpayer Advocate Reviews Filing Season, Identifies Priority Areas and Challenges
 

National Taxpayer Advocate Reviews Filing Season, Identifies Priority Areas and Challenges

Posted: June 28, 2017
National Taxpayer Advocate Nina E. Olson has released her statutorily mandated mid-year report to Congress. It presents a review of the 2017 Filing Season, identifies the priority issues the Taxpayer Advocate Service (TAS) will address during the upcoming fiscal year, and contains the IRS’s responses to each of the 93 administrative recommendations the Advocate made in her 2016 Annual Report to Congress.

The Pitfalls of Expense Deductibility for Medical Cannabis
 

The Pitfalls of Expense Deductibility for Medical Cannabis

Posted: June 26, 2017
Pennsylvania recently joined the growing list of states where medical cannabis has been legalized. Pennsylvania is planning on issuing several different licenses, two of which are cannabis growers/processers and cannabis dispensaries. At the Federal level, find out what the challenges are.