Taxpayers Offering to Participate in IRS Transfer Pricing Initiative, IRS Official Says

Taxpayers have been stepping forward to participate in the Internal Revenue Service’s new transfer pricing initiative within the Large and…

IRS Will Oppose Privilege Claims Where Accountant Is Hired by Lawyer, Official Says

The government is likely to oppose claims of privilege for accountants who have been hired by lawyers representing clients in tax cases, a senior Internal Revenue Service criminal attorney said May 6…

IRS Corporate Audits Declining, Research Group Says; Agency Disagrees with Analysis

The Internal Revenue Service’s audit efforts aimed at the nation’s largest corporate taxpayers have declined since 2005 and are now “at an all-time low,” according to…

Tax Professionals Discuss Implementation of Health Care, Reconciliation Measures

Tax professionals March 23 outlined a number of questions and concerns raised by implementing health care overhaul legislation in a series of interviews with BNA…

IRS’s Information Security Weaknesses Jeopardize Financial Data, GAO Reports

The Internal Revenue Service had a material weakness in internal controls over financial reporting related to information security in fiscal year 2009, the Government Accountability Office said in a…

IRS Focused on Global Issues, Greater Cooperation, Transparency, Former Deputy Commissioner Says

Taxpayers can expect a sharp focus on global issues at the Internal Revenue Service going forward, marked by closer relationships with other taxing authorities, an…

Obama Requests $12.6 Billion for IRS to Implement Strategic Programs in 2011

The Obama administration Feb. 1 released its fiscal year 2011 budget requests, asking for more than $12.6 billion for the Internal Revenue Service to…

IRS Proposes Regulations With Basis Reporting Rules For Securities

The Internal Revenue Service Dec. 16 proposed highly anticipated regulations (REG-101896-09) under a 2008 law that will require the reporting of basis and other information by mutual fund companies and stock brokers for most stock purchased in 2011 and all stock purchased in 2012 and later years…