The Internal Revenue Service and the Treasury Department released proposed regulations and temporary regulations to offer guidance for consolidated groups on net operating losses in the wake of changes under both the Tax Cuts and Jobs Act of 2017 and the CARES Act. IRS issues rules for net operating losses in consolidated groups | By Michael Cohn 2 min read | The Internal Revenue Service and the Treasury Department released proposed regulations and temporary regulations to offer guidance for consolidated groups on net operating losses in the wake of changes under both the Tax Cuts and Jobs Act of 2017 and the CARES Act. | | Tax Fraud Blotter: Run and gun | By Jeff Stimpson 6 min read | Yet another fictional company; more tooth and justice; unsafe bets; and other highlights of recent tax cases. | | SPONSOR CONTENT | The 'no touch' tax return | The ‘no touch’ tax return isn’t science fiction — it’s possible with readily available technologies. | |
IRS can’t find some check recipients as Congress weighs stimulus | By Skylar Woodhouse and Laura Davison 2 min read | The IRS still hasn’t found everyone who is due a $1,200 stimulus check from the government, and locating everyone eligible for the payments will be key for any additional pandemic relief Congress may pass later this year. | | WEB SEMINAR | Become an expert analyzer | When you leverage Audit Data Analytics correctly, the insights you can provide your clients come from teamwork, speed, history, probabilities, consequences and trust – just like how Superheroes save the world! | |
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