Tax Returns, Internal Revenue Code (IRC), Tax Code

A Journey Through Subchapter S / A Review of The Not So Obvious & The Many Traps That Exist For The Unwary: Part XVI – Changes in...

Foster Garvey PC on 4/4/2025

Now that the scurrying around and worrying relative to developments impacting the Corporate Transparency Act (“CTA”) that were coming at us with laser speed are on a slow simmer, I can turn my attention back to my multi-part...more

How does the IRS enforce the Nation’s Tax Laws for the benefit of all Taxpayers?

Foodman CPAs & Advisors on 4/14/2021

On December 17, 2020, the IRS published a document entitled “Closer Look”. It explains the IRS aspiration for balancing the Taxpayer burden with the potential benefit of its compliance effort when deciding which compliance...more

How Can a Craft Brewer Use the Tax Code to Help with Cash Flow?

Bowditch & Dewey on 6/9/2020

Breweries can turn to the Internal Revenue Code to help with cash flow in these difficult times. Section 165(i) of the Internal Revenue Code allows a taxpayer to deduct any loss occurring in a “disaster area” and attributable...more

Weekly IRS Roundup August 12 – 16, 2019

McDermott Will & Schulte on 8/19/2019

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of August 12 – 16, 2019. August 12, 2019: The IRS issued a news release announcing that John...more

Can the IRS release Taxpayer information to a third party?

Foodman CPAs & Advisors on 2/21/2019

Tax Return information is protected from disclosure by the IRS to other parties by the IRC Section 6103 -Confidentiality and Disclosure of Returns and Return information. ...more

New Tax Filing Deadlines for Partnerships and Corporations

Lowndes on 8/5/2015

Last Friday, President Obama signed into law a bill that provides temporary funding for the highway trust fund. Buried in the law are several permanent changes to the tax code that are unexpected. Specifically, the deadline...more