IRS
Latest News
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
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IRS Waiving $1 Billion in Back Tax Penalties for More Than 4.7 Million Taxpayers
Just in time for the holidays, the IRS announced a move to help individuals, businesses, and tax-exempt groups that owe back taxes.
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IRS: Collection Notices Are Coming Back in 2024
The IRS has hit the restart button on sending out automated collection notices, ending a two-year hiatus because of the COVID-19 pandemic.
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IRS Provides More Guidance on New Corporate AMT
The corporate AMT imposes a 15% minimum tax on the adjusted financial statement income of large corporations.
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IRS Tax Demands Would Take Money From FTX Bankruptcy Victims
U.S. officials will take money away from FTX victims unless a judge rejects the government’s demand for $24 billion in unpaid taxes.
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IRS Sets Mileage Rate at 67 Cents Per Mile for 2024
The optional standard mileage rate for business use of a vehicle will increase 1.5 cents from 2023, the IRS said on Thursday.
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IRS Chief Lays Out Plans for New Leadership Structure
Expected to occur in early 2024, this is the first leadership reorganization at the tax agency in more than two decades.
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Hunter Biden Immune to Tax Charges, His Lawyers Say
Biden’s lawyers argue that all gun and tax charges should be dropped because their client has immunity under a deal he struck in July.
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IRS Wipes Out 20,000 Employee Retention Credit Claims
In September, the IRS pressed pause on the ERC program until at least the end of this year due to a wave of fraudulent claims.