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IRS Modernization Efforts Pose Challenges as Enterprises Embrace eFiling
PYMNTS.com· 5 hours ago“Like any large business, the IRS has a vast portfolio of operating systems,” Walker said. The...
IRS plans to more than double its audit rate of wealthy taxpayers
FOX Business· 17 hours agoThe IRS is planning to ramp up audit rates of wealthy Americans and large corporations as part of...
IRS to increase audits for 2 specific groups and reduce for others
The Cleveland Plain Dealer· 17 hours agoThe Internal Revenue Service (IRS) plans to ratchet up its audits for wealthier Americans and major...
IRS acts to address wide disparity in audit rates between Black taxpayers, other filers - Maryland...
The Daily Record· 22 hours agoThe IRS said Thursday that it has taken steps to address a wide disparity in audit rates between...
IRS lays out modernization priorities, sounds alarm on funding shortfall
FedScoop· 17 hours agoThe IRS believes it will soon be forced to scale back its business system modernization efforts,...
Certificates of Discharge from IRS Liens | JD Supra
JD Supra· 1 day agoThe IRS requires these taxpayers to apply for a “certificate of discharge,” discussed further below. The IRS will review the submission and make a determination ...
940,000 Taxpayers Have Just 2 Weeks to Claim Part of the $1B theIRS Is Holding. See If You're Owed...
CNET· 3 days agoThe IRS is holding onto more than $1 billion in unclaimed refunds for tax year 2020, but it won't be...
IRS Unveils Plan to Crack Down on Wealthy Taxpayers
The Fiscal Times· 1 day agoThe IRS wants to increase its audit rate for taxpayers earning more than $10 million by about 50%, according to an updated operating plan released...
IRS PLR: Extension of Time to Assess Branch Profits Tax Granted (IRC §884)
Bloomberg Law· 20 hours agoThe IRS has published a private letter ruling on Section 884 granting the taxpayer, a foreign corporation organized in Country A and owned by an individual, a Country B citizen ...
5 Things You Should Know Now About IRS Form 5472
Forbes· 6 days agoCertain corporations (both U.S. and foreign) and certain foreign-owned U.S. disregarded entities must file IRS Form 5472, Information Return of a 25%...