Charles Wismer, CEO, FincenFetch, discusses firms and FinCEN beneficial ownership information (BOI) report filing, ...

The IRS announced that it will open a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the employee retention credit. The deadline is Nov. 22.

Q I’m not a cybersecurity expert. Is there a place I can go to learn more about my responsibilities to protect taxpayer data as a tax practitioner? A IRS Publications 4557, 1345, and 5709 are ...

To ease the regulatory burden on partnerships, the IRS announced that it is eliminating the requirement that partnership elections under Sec. 754 be signed by a partner.

The IRS issued guidance for recipients of property from decedents on the basis-consistency requirement and for executors and others on basis-reporting requirements. The IRS said that crowdfunding ...

For certain partners, the presumed preference for receiving a distributive share of income (including a priority profit allocation) may need further evaluation to determine how it coordinates with ...

This article looks at recent court decisions regarding S corporation shareholder reasonable compensation that provide helpful guidance on how an adviser can determine what is reasonable compensation.

In addition to the guidance on the plan, the letter recommends that Treasury and the IRS continue pursuing tax simplification. IRS commissioner Danny Werfel promised “marked improvement” for the ...

The House’s tax reform bill would make many changes to the taxation of US companies’ foreign subsidiaries.

The Sec. 45Z credit for production of low-emission motor fuels will largely replace a diverse set of expiring fuel incentives when it goes into effect in 2025. When claiming the Sec. 41 research and ...