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IRS Insights

A closer look at IRS developments

IRS Insights provides concise and accessible perspectives from Deloitte Tax LLP's Tax Controversy Services group. Featuring the latest practices and procedures coming out of the Internal Revenue Service (IRS) to help you stay informed and prepared on how these changes may impact taxpayers.

Discover the latest practices and procedures coming out of the Internal Revenue Service with our IRS Insights newsletter.

May 2025
Key highlights include the Tax Court reaffirming that the IRS lacks authority to assess penalties for failing to file Form 5471, the IRS acquiescing to an Eleventh Circuit decision on reportable transactions, publishing final regulations identifying reportable transactions, and ruling that the 90-day deadline for redetermination of employment status is subject to equitable tolling.

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