IRS releases official draft of S corporation basis form for 2021 Forms 1040, provides some qualified plan guidance for rehiring employees and more.

Congress continues to negotiate new tax bill, IRS notes the limits of FAQs and more.

The Tax Court discusses the proper place to deduct hobby loss expenses on a tax return, the IRS to impose a fee for estate tax closing letters and more

A taxpayer had a number of issues in Tax Court and a buy-sell agreement did not control the value of shares for estate tax purposes.

Ways and Means completes mark-up of tax bill, taxpayer finds entire amount of legal settlement taxable and taxpayer has reasonable basis to avoid penalties

Looking at if an amended return is required, IRS updates special per diem rates and gives information on W-2 COVID leave information to be reported for 2021.

The IRS makes previously temporary e-Signature options permanent and we discuss the role of "unambiguous" text in interpreting the IRC in view of SCOTUS directive in Connecticut National Bank on interpreting law.

A taxpayer spending money to look for a trade or business is not in a trade or business and the IRS issues a PMTA that finds the law requires a hefty penalty for employers that don't timely pay deferred employer FICA taxes under the CARES Act.

A taxpayer failed to show loss resulted from 1244 stock and a look at the state passthrough entity taxes

IRS gives additional guidance on ERC gross receipts test, depreciation limits announced and yet again we have a case involving timely filing decided in the courts.