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The future of the tax field lies in proactive and intentional tax advisory services, according to experts in the industry. While tax compliance remains important, there is a growing emphasis on tax planning and consulting. This shift is driven by factors such as increasing complexity in tax laws and clients' desire for strategies to reduce their tax liability. Tax professionals are also leveraging technology, such as artificial intelligence, to meet the demands of the profession. Additionally, offering comprehensive advisory services allows for regular client engagement throughout the year and can lead to higher-value client relationships. [Extracted from the article]

A roundup of the most important court cases, regulations and more in tax for the first six months of the year. [ABSTRACT FROM AUTHOR]

A ruling in the Corner Post case that makes it easier to sue over government regulations will cause 'chaos,' says one expert. [ABSTRACT FROM AUTHOR]

The end of Chevron deference, shifting IRS policies and other major changes to the tax landscape. [ABSTRACT FROM AUTHOR]

In a narrow holding, the Supreme Court upheld the provision, but emphasized that the ruling did not have broader implications. [ABSTRACT FROM AUTHOR]

This year's Greenbook proposals contain some greatest hits, including a higher corporate minimum tax. [ABSTRACT FROM AUTHOR]

The Supreme Court asked the solicitor general to weigh in on whether a Pennsylvania tax case has federal ramifications. [ABSTRACT FROM AUTHOR]

The freedom of working remotely while traveling the world doesn't include freedom from tax compliance issues. [ABSTRACT FROM AUTHOR]

The timing of restructuring will be critical, though, thanks to its significant tax implications. [ABSTRACT FROM AUTHOR]

If marijuana is reclassified, lots of businesses may want to reconsider their structure. [ABSTRACT FROM AUTHOR]

The decline in taxpayers taking advantage of the ADR process was a major topic at a recent IRS meeting. [ABSTRACT FROM AUTHOR]

Insights into the IRS's progress on the Form 1099-DA and forthcoming regs on crypto asset reporting. [ABSTRACT FROM AUTHOR]

The article discusses the experience of Steven Jager, a CPA who successfully handled a case in Tax Court. The case involved penalties for late filing of a specific form, and Jager argued that the initial assessment of the penalties did not follow the proper approval process outlined in the law. Jager's client was also due a refund, which was confiscated by the IRS, leading Jager to file a request for a collection due process hearing. Through the discovery phase and meetings with IRS attorneys, Jager was able to push the IRS to concede the case without addressing the underlying issue. Jager's case gained attention from the National Taxpayer Advocate, who referenced it in a report to Congress. [Extracted from the article]

Byline: Roger Russell In the future, the 2018 filing season may be remembered with nostalgia. 'Wave goodbye to tax seasons of old,' said Roger Harris, president of Padgett Business Services. [...]

Byline: Roger Russell The IRS Redesign, a bipartisan effort two years in the making, is meant to dramatically redesign the structure of the Internal Revenue Service to make it a [...]

Byline: Roger Russell For most tax practitioners, the light at the end of the tunnel is some kind of relaxation or excitement planned for the end of the filing season. [...]

Byline: Roger Russell Tax season is the most stress-inducing time for most accountants and tax professionals. However, if you prepare beforehand and adopt certain practices, life can be easier during [...]

Byline: Roger Russell Among the 2,009 pages of the Omnibus Spending Bill passed last December is a small section that should be required reading for tax advisors of business partnerships, [...]

Tax preparers in New York and California are shocking clients when they explain that they are liable for tax on out-of state sales. 'They're surprised that they owe tax even [...]

A steadily improving economy throughout most of the year, both at the national and regional levels, is reflected in the growth of the year-end figures reported by the Accounting Today [...]

A hearing on Capitol Hill reveals some of the problems with the act, and why we may see 'massive' noncompliance. [ABSTRACT FROM AUTHOR]

How do you charge sales tax when different kinds of digital product are sold together? [ABSTRACT FROM AUTHOR]

A CPA's embezzlement turns out to be no excuse for trust fund recovery penalties. [ABSTRACT FROM AUTHOR]

From BOI reporting to tax legislation in limbo, even the most 'normal' filing season in a several years still has unresolved questions. [ABSTRACT FROM AUTHOR]

Ongoing court cases and questions about whether accountants can actually work on BOI reporting make the Corporate Transparency Act a source of serious confusion. [ABSTRACT FROM AUTHOR]

A congressional hearing takes aim at an estate planning strategy that relies on the step-up in basis. [ABSTRACT FROM AUTHOR]

The campaign is part of a larger effort by the IRS to increase its scrutiny of high-income taxpayers and large businesses to help close the tax gap. [ABSTRACT FROM AUTHOR]

The Bekkerman case held that California may tax a bundled cellphone at the full price as an unbundled cellphone, rather than the discounted price. [ABSTRACT FROM AUTHOR]

Changes in rates and rules at every level require advisors to stay on their toes. [ABSTRACT FROM AUTHOR]

Despite a later start, tax filing is proceeding apace — though there are some unresolved issues. [ABSTRACT FROM AUTHOR]

The ruling further complicates an already complicated area — the law's mandate around beneficial ownership information reporting. [ABSTRACT FROM AUTHOR]

While most accountants are aware of the reporting requirement, the majority of business owners are likely to be, at best, dimly aware of them. [ABSTRACT FROM AUTHOR]

In the wake of President's Day, and in the midst of tax season, take a minute to learn about Washington's and Lincoln's key contributions to the U.S. tax system. [ABSTRACT FROM AUTHOR]