Internal Revenue Service
Metric of the Month: Total Cost to ‘Manage Taxes’
Corporate taxes are unavoidable, but you can be smart about your spending for tax management and strategy.
Lawmakers Reintroduce IRS Overhaul Measure
The Taxpayer First Act of 2019 includes more than 40 provisions aimed at modernizing the IRS and improving customer service
IRS Releases Final Rules on Corporate Tax Break
The so-called FDII deduction applies to the intangible income of companies that produce goods and services in the U.S. and sell abroad.
Trump Tax-Returns Defender on Tap to Head IRS: Report
The choice of tax litigator Charles Rettig would reportedly break a two-decade precedent during which IRS chiefs tended to come from corporations.
Bitcoin Users May Be Cheating on Taxes
An IRS investigation finds only a tiny percentage of virtual currency owners are declaring earnings on Bitcoin transactions in their annual returns.
Raids Escalate Caterpillar Tax Dispute With U.S.
U.S. authorities executed search warrants at Caterpillar facilities as part of a probe of the company's shifting of corporate profits to a Swiss subsidiary.
Tax Lawyers Seek Guidance on Cloud Income
The American Bar Association recommends that the IRS clarify how tax concepts should be applied to cloud transactions.
IRS Seeks Facebook Records in Tax Probe
The agency is investigating whether Facebook understated its tax liability by valuing intellectual property it sold to an Irish subsidiary too cheaply.
Medtronic Wins Battle Over $1.3B Tax Bill
A U.S. Tax Court judge says the IRS' allocation of profits between the medical device maker's operations in the U.S. and Puerto Rico was unreasonable.
Tech Firms Could Get Tax Windfall From Intel Case
Google's parent Alphabet has disclosed it could post a $3.5 billion tax gain if a U.S. Tax Court ruling in favor of Intel is upheld.
IRS Warns Taxpayers of Jump in Email Scams
Tax professionals are also reporting phishing scams that are seeking their online credentials to IRS services.