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IRS not keeping track of progress under corporate audit process

The Government Accountability Office found in a recent review of the Internal Revenue Service’s Compliance Assurance Process that though the program was established to cut costs and reduce uncertainty,...

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Treasury, IRS provide guidance on FATCA reporting, withholding provisions

The U.S. Treasury and IRS issued a joint notice on Tuesday to provide foreign financial institutions with information on how to comply with reporting and withholding provisions of the Foreign Account...

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Treasury, IRS make changes to “use-or-lose” rule for flexible spending...

The U.S. Treasury and IRS issued a notice last week to amend the “use-or-lose” rule for flexible spending arrangements to permit employers to allow plan participants to carry over up to $500 of unused...

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