The Internal Revenue Service is giving employers a friendly nudge to remind them that their Forms W-2 and other wage statements have to be filed by Feb. 1, 2021, to avoid penalties.…

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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.…

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The Internal Revenue Service is pairing up with a Virginia research firm in an effort to improve the agency’s procurement operations.…

Read more about IRS Teams with Research Firm to Smooth Procurement Process

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