IRS
Latest News
Report Says Undocumented Immigrants in U.S. Pay Nearly $100 Billion in Taxes
Emburse and Finexio Partner for B2B Payments
How Generative AI Will Disrupt Accounting
Mid-Market Optimism Hits Pre-Covid Record Highs
IRS Warns Taxpayers About Scam
A sophisticated phone scam is sweeping the country, using fear of the Internal Revenue Service to target recent immigrants and others, IRS officials warn.
Report Recommends IRS Improve Paper Audit Automation
The IRS designed its Correspondence Imaging System (CIS) to automate the scanning of taxpayer correspondence. The Image Control Team units in IRS submission processing sites scanned more than 8.1 million pieces of paper correspondence into the CIS during Fiscal Year 2012.
Thomson Reuters Offers Updated Report on Tax Changes in U.S. Healthcare Reform
Thomson Reuters Checkpoint has released an updated special report, Tax Changes in Health Care Reform Legislation, which is designed to help tax practitioners understand the tax provisions of health care reform that take effect now through 2018.
Tax Planning and Preparation Guidance for 2014
The impact of the recent federal government shutdown is being felt by the Internal Revenue Service (IRS) which announced that the beginning of the 2014 tax filing season will be delayed by up to two weeks.
Report: IRS Needs to Improve Its Parallel Investigations Process
The Internal Revenue Service needs to improve its process for conducting parallel investigations, according to an audit conducted by the Treasury Inspector General for Tax Administration.
2014 Income Tax Filing Season will Start Late Again
Last year, it was the fiscal cliff that delayed the start of tax season- this coming year, blame it on the partial government shutdown.
Treasury Inspector General Says IRS Must Do More to Reduce Improper Payments
The Internal Revenue Service has made no significant improvement in reducing improper Earned Income Tax Credit payments, according to the latest report released by the Treasury Inspector General for Tax Administration.
Thomson Reuters Checkpoint Report Provides IRS Tax Guidance for Same-Sex Marriage
Thomson Reuters released a report on the IRS’s guidance on same-sex marriage following the Supreme Court’s ruling that struck down section three of the Defense of Marriage Act as unconstitutional.