JD Supra3d
IRS Publishes New ACA Reporting Guidance for Employer Distribution of 1095-B and 1095-C
On February 21, 2025, the Internal Revenue Service (“IRS”) released Notice 2025-15, providing guidance to employers and insurers regarding ...
Top lawyer at IRS removed amid DOGE push for taxpayer information: Sources
Acting IRS chief counsel William Paul is set to be demoted to his previous role, and replaced by Andrew De Mello, another IRS ...
IRS confirms interest rates for the second quarter of 2025: Here's what you pay from April 1
The Internal Revenue Service (IRS) announced on Thursday, March 6, the updated rates for the calendar quarter beginning April 1, 2025: According to the Internal Revenue Code, the i ...
Even conservatives are worried about Trump's plans to slash the IRS
Mark Everson, who served as IRS commissioner under George W. Bush, said he supported efforts to streamline the IRS. But he ...
JD Supra10d
Newly Released Final Regulations on Partnership Basis-Shifting Transactions
On January 10, 2025, the United States Internal Revenue Service (the "IRS") released final regulations (the "Final ...
IRS layoffs could hurt revenue collection and benefit rich tax dodgers, experts say
Experts say layoffs of about 7,000 IRS workers probably mean an end to plans to target rich tax dodgers and could spell disaster for revenue collection.
Trump Treasury confirms it's eyeing IRS for 'streamlining' shake-up as tax season heats up
The Trump administration's Treasury Department is considering a "wide range" of possibilities to streamline the tax agency, Fox News Digital learned.
Manila Standard27d
BIR files P8.5-b tax evasion charges vs. illicit cigarette factory in Bulacan
The Bureau of Internal Revenue (BIR) said Monday it filed an P8.5-billion tax evasion case against the operators of an illicit cigarette factory in ...