KPMG Practitioners Discuss IRS Audit Dispute Resolution Strategies, New IRS Procedures

Members of KPMG’s tax controversy services practice, in a May 5 webcast, provided resolution strategies that taxpayers need to consider when the taxpayers and the Internal Revenue Service…

Tax Attorneys Criticize Potential Prosecutions of Some Who Disclosed Offshore Assets

A group of criminal tax attorneys is criticizing the Internal Revenue Service for potentially bringing criminal charges against taxpayers who tried to tell the government about offshore assets under…

Foreign Tax Credit Crackdown Seen as Possible Offset for Extenders Bill

House Ways and Means Committee member Chris Van Hollen (D-Md.) said May 5 lawmakers are looking at taxation of carried interest and a crackdown on misuse of the foreign tax credit as…

Two-Thirds of Revenue from Climate Bill Would Benefit U.S. Consumers, Senator Kerry Says

Consumers would get two-thirds of the revenue raised through auctioning of carbon emission allowances to U.S. industries under pending Senate climate change legislation…