The IRS will allow partnerships to file superseding tax returns until their normal extension deadline, even if they did not originally request an extension.
The IRS has begun sending warning letters to taxpayers with virtual currency transactions.
The IRS has issued final regulations on how to allocate a partnership's creditable foreign taxes among the partners.
Hargreaves Lansdown Asset Management Limited v. HM Revenue & Customs illustrates the importance of understanding the legal relationships behind payment flows, especially when payments are set off, or “netted,” against each other.