The revenue procedure gives teams a safe harbor when doing trades of their athletes, staff contracts or draft picks.
 
 
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IRS Watch
 
 
Apr 17, 2019
 
 
 
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IRS offers safe harbor for pro sports teams trading players and draft picks
 
IRS offers safe harbor for pro sports teams trading players and draft picks
by MICHAEL COHN
 
The revenue procedure gives teams a safe harbor when doing trades of their athletes, staff contracts or draft picks. READ MORE »
 
 
 
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The economy is unprepared for a drop in tax refunds
 
The economy is unprepared for a drop in tax refunds
by DANIELLE DIMARTINO-BOOTH
 
Although the Tax Cuts and Jobs Act increased take-home pay somewhat, millions of households treat tax refunds as a built-in component of their annual budget. READ MORE »
 
 
 
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Renaissance explores settlement as IRS seeks billions in taxes
 
Renaissance explores settlement as IRS seeks billions in taxes
by ZACHARY R. MIDER AND MILES WEISS
 
Hedge fund giant Renaissance Technologies is in talks to resolve a dispute with the Internal Revenue Service over a tax maneuver that saved its owners billions of dollars. READ MORE »
 
 
 
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Taxpayers at risk of getting scammed by preparers
 
Taxpayers at risk of getting scammed by preparers
by MICHAEL COHN
 
Nearly half of Americans fail to check whether their tax preparer includes their PTIN and signs their return, putting them at risk of being scammed, according to a new survey. READ MORE »
 
 
Happy final Friday: IRS says millions have yet to file
 
Happy final Friday: IRS says millions have yet to file
by JEFF STIMPSON
 
Some 50 million taxpayers have not yet filed their tax returns. READ MORE »
 
 
IRS Commissioner Rettig tells Senate how tax season set a record
 
IRS Commissioner Rettig tells Senate how tax season set a record
by MICHAEL COHN
 
The agency managed to open filing season on time despite the recent government shutdown and saw a big opening day. READ MORE »
 
 
Tax preparers steered low-income taxpayers to extra-fee refund products, says GAO
 
Tax preparers steered low-income taxpayers to extra-fee refund products, says GAO
by MICHAEL COHN
 
Low-income and minority taxpayers were more likely to use extra-fee tax preparation offerings like refund advances and refund transfers, according to a new report Friday from the Government Accountability Office, and tax preparers often didn