The Internal Revenue Service tends to impose relatively few accuracy-related penalties during audits of large businesses, according to a new report.
The administration is hardening its legal position toward the Affordable Care Act, arguing now the entire law is unconstitutional.
The final rules offer guidance on the penalty for failing to include information that’s supposed to be disclosed under the Small Business Jobs Act and how to calculate the amount.
The Tax Court recently ruled against a married couple that tried to garnish the salary of the Secretary of the Treasury to pay their tax bills.
The relief is conditioned on the partnerships providing the missing information in a separate schedule by March 15, 2020.
A letter from a senior official to Senate Democrats throws cold water on any extra relief for taxpayers.
With the IRS issuing ACA penalty notices, that can make a dent in an organization’s bottom line.