The Internal Revenue Service has released final regulations that increase the Offer in Compromise application fee to $205. They also enable the IRS to provide an additional way waive to OIC fees for low-income taxpayers, based on their adjusted gross income.

The House Ways and Means Committee wants the Internal Revenue Service to say if the April 15 tax filing deadline should be extended. The committee this week sent the IRS the letter asking about a possible extension because of the coronavirus outbreak.

Bloomberg Tax & Accounting has made available a new Tax Management Portfolio—Credits and Incentives: Multistate Considerations and Planning. The recently released treatise details state and federal tax credits and incentives.