and impose an unreasonably short 180-day deadline for taxpayers to file Form 8886, Reportable Transaction Disclosure Statement, for transactions related to previously filed tax returns due to the ...

On January 14, 2025, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) published final regulations (the ...

On January 10, 2025, the United States Internal Revenue Service (the "IRS") released final ... to the IRS all the information required by IRS Form 8886 along with the following information ...

The regulations mandate that taxpayers file Form 8886, Reportable Transaction Disclosure Statement, within a 180-day window ...

Under the new rules, the IRS requires anyone using a micro-captive in which claims amount to less than 60% of premiums to disclose their entity when they file their taxes by using a Form 8886.

The IRS no longer will issue paper checks or take payments by check under an order from President Trump. The aim is to boost efficiency and cut fraud.

Form 941 is used to report income taxes, payroll taxes, Social Security, and Medicare taxes withheld from employee wages. Most employers who pay wages file Form 941.

The IRS is nearing an agreement with ICE that would allow immigration officials to use tax data for deportations, two sources familiar with the matter told ABC News.