The new tools create a digital foundation for future enhancements aimed at tax professionals.

The ruling hinges on the corporation and trust being treated as a single entity and meeting other requirements under Regs.

Getting the choice of entity right at the start is crucial, since switching later can have tax and other consequences. Getting the choice of entity right at the start is crucial, since switching later ...

Speaking at an IRS Nationwide Forum in Fort Washington, Md., the deputy director of the IRS Office of Professional Responsibility warned practitioners that they should exercise due diligence when ...

The Internal Revenue Service (IRS) has officially opened the application period for the 2026 Compliance Assurance Process (CAP), an important programme aimed at large U.S.-based corporations. Running ...