IRS Advisory Council Issues 2020 Annual Report

The Internal Revenue Service Advisory Council, also known as IRSAC, has come out with its annual report for 2020. The 195-page report includes recommendations to the IRS on new and continuing issues in tax administration.… Read more about IRS Advisory Council Issues 2020 Annual Report (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Final Regulations Clarify Section 1031 Like-Kind Exchanges

The Internal Revenue Service and the Treasury Department have issued their final regulations on section 1031 like-kind exchanges. The regulations clarify the definition of real property under section 1031, while providing a rule governing the receipt of personal property incidental to real property in a like-kind exchange.… Read more about Final Regulations Clarify Section 1031 Like-Kind Exchanges (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

National Tax Security Awareness Week Opens with a Warning

A warning has been issued to all taxpayers and tax professionals alike: Beware of scams and identity theft schemes by criminals taking advantage of the holiday shopping period, the approaching tax… Read more about National Tax Security Awareness Week Opens with a Warning (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…