The Mixed Bag of Proposed §199A Regulations
The IRS issued the eagerly awaited §199A proposed regulations on August 8, which will please some, but also leave others disappointed. Definition of Trade or Business As I discussed in an earlier blog post, since the §199A...
Are E-Filed Tax Returns Subject to the Same Late Filing Rules as Paper Tax Returns?
On July 11th, the 5th Circuit Court of Appeals heard arguments in Haynes v. United States regarding the application of a late filing penalty to an electronically filed tax return that was filed late due to a...
The IRS Adds Repatriation, Virtual Currency, and S Corporations Compliance to its New Enforcement Campaigns
The IRS Large Business and International division – which serves corporations, subchapter S corporations, and partnerships with assets greater than $10 million – has announced a new series of targeted audits, referred to...
Josh Ungerman was quoted in the Tax Notes 2018 TNT 122-18 article, “ IRS Using Data Analytics and New Unit to Sift 1 Billion Records.” This article discusses the IRS Criminal Investigation using data analytics tools...