The IRS announced that beginning June 15, 2017, the Pay.gov electronic payment website will be available for taxpayers to make the required user fee payments when requesting certain IRS rulings. After August 15, Pay.gov will become the only permissible payment method for those fees. Online fees can be paid with Form 1128, Form 2553, Form 3115, Form 8716, Private Letter Rulings […]
A taxpayer who intended to file for innocent spouse relief (available when a joint filer claims no liability for items on a tax return), instead filed Form 8379, “Injured Spouse Allocation” (used when a joint filer loses all or part of a refund due to the spouse’s debts). The IRS and the U.S. Tax Court […]
If your employees incur work-related travel expenses, you can better attract and retain the best talent by reimbursing these expenses. But to secure tax-advantaged treatment for your business and your employees, it’s critical to comply with IRS rules. Reasons to reimburse While unreimbursed work-related travel expenses are deductible on a taxpayer’s individual tax return (subject […]
Three Republicans on U.S. congressional tax-writing committees have written to the IRS commissioner about the IRS’s issuance of a John Doe summons to Coinbase Inc. for records on an estimated 500,000 active U.S. customers who used digital currency from 2013 through 2015. They said the IRS didn’t provide a “reasonable basis” for the belief inherent […]
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