Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of July 29 – August 2, 2019.
July 30, 2019: The IRS issued a list of answers to frequently asked questions
Tax Controversy 360
McDermott’s Real-Time Tax Disputes Insights
Tax Controversy 360, published by McDermott Will & Emery, focuses on issues related to tax disputes and controversies involving the Internal Revenue Service and other tax authorities. The blog covers topics such as IRS enforcement actions, audit strategies, tax planning risks for high-net-worth individuals, regulatory updates, and procedural developments in tax litigation. It also addresses the impact of legislative changes and administrative guidance on tax controversy practice, including insights on private foundations, tax court procedures, and tax implications of current events like the COVID-19 pandemic. The content is aimed at tax professionals, advisors, and taxpayers navigating complex tax dispute environments.
Latest from Tax Controversy 360 - Page 10
Watch Your Mailbox: IRS Letters Warning of Cryptocurrency Non-Compliance on Their Way
On July 26, 2019, the Internal Revenue Service (IRS) issued a press release informing the public that it is sending more than 10,000 letters to taxpayers with potentially unreported (or misreported) virtual currency transactions. The letters will inform them of…
Weekly IRS Roundup July 22 – 26, 2019
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of July 22–26, 2019.
July 22, 2019: The IRS issued a revenue procedure in which it issued indexing adjustments required by…
More IRS “Campaigns?! IRS Announces Six More Examination Campaigns
On July 19, 2019, the Internal Revenue Service (IRS) Large Business & International (LB&I) division announced the approval of six new campaigns. As in the past, the IRS stated that “LB&I’s goal is to improve return selection, identify issues representing…
Weekly IRS Roundup July 15 – 19, 2019
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of July 15 – 19, 2019.
July 16, 2019: The IRS issued a news release concerning its provision of additional information…
Tax Blog: New Questions and Answers for Section 965
The IRS has released new informal guidance (“Questions and Answers”) regarding section 965, containing information on making successive installment payments, filing transfer agreements as a result of certain acceleration or triggering events, and other matters related to S corporation shareholders…
Law360: Myers May Make It Easier to Find Equitable Relief in Tax Court
Laura L. Gavioli, PC, recently wrote an article for Law360 on a US Court of Appeals for the District of Columbia Circuit’s decision that may provide an equitable avenue for hearing of late-filed petitions in US Tax Court. The Law360…
Weekly IRS Roundup July 8 – 12, 2019
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of July 8 – 12, 2019.
July 9, 2019: The IRS updated its frequently asked questions page for the Tax Cuts…
Weekly IRS Roundup July 1 – 5, 2019
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of July 1 – 5, 2019.
July 2, 2019: The IRS issued a Chief Counsel Notice wherein the Chief Counsel’s Office…
Taxpayer First Act: Changes to the IRS Appeals Process
The enactment of the Taxpayer First Act, H.R. 3151 (116th Cong.) (TFA) brings with it several changes to the procedures and operations of the Internal Revenue Service (IRS). The TFA touches on the following subjects:
- Establishing the IRS Independent
…