IRS
Latest News
An Increase in Customer Theft is Increasing Restaurant Prices
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
IRS Promises Fewer Audits of EITC Claims
After years of auditing some taxpayers with lower incomes at higher rates, the commissioner of the IRS said that will change.
IRS Establishing New Unit to Crack Down on Tax Dodging by Pass-Throughs
Group within LB&I will be tasked with holding large partnerships and other pass-throughs accountable on tax compliance.
A Cautionary Tax Planning Tale: Timing and Formalities Are Critical
A business owner learned the hard way not to dawdle or cut corners when it comes to tax plans involving the sale of a business.
IRS Looks to Hire 3,700 Agents to Pursue Wealthy Tax Dodgers
The agency is ramping up compliance efforts against high-income earners, partnerships, large corporations, and promoters.
Hunter Biden Sues IRS Over Tax Disclosures by Agency Employees
The son of President Joe Biden alleges that so-called IRS whistleblowers illegally disclosed information about his taxes.
IRS Proposes Tweaks to R&D Tax Credit Form
Stakeholders have until Oct. 31 to provide feedback on the proposed changes to Form 6765 the IRS unveiled on Friday.
IRS Looks to Provide Businesses with More Tax Certainty and Issue Resolution Tools
The IRS included this initiative in its Strategic Operating Plan, which outlines how it will use funding from the Inflation Reduction Act.
IRS Temporarily Stops Employee Retention Credit Processing
A rash of bogus ERC claims in recent months has prompted the IRS to put the program on hold through at least the end of 2023.