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IRS Spent $5.7 Billion in Tax-and-Climate Law Cash, Report Shows
Bloomberg Law· 20 hours agoThe IRS has spent 10%, or $5.7 billion, of its supplemental funding from the Democrats’ 2022 tax-and-climate law, with employee compensation still receiving the most, the ...
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper - The...
The Morning Sun· 2 days agoIts complex eligibility rules allowed scammers to target small businesses, offering help applying...
Consensys Requests Delay In IRS Crypto Reporting Regulations
Cryptonews· 19 hours agoBlockchain development firm Consensys formally requested the U.S. Internal Revenue Service (IRS) on June 21 to delay the implementation of proposed tax regulations requiring ...
IRS News Release: High-Risk Employee Retention Credit Claims to Be Denied, More Processing to Begin...
Bloomberg Law· 1 day agoThe IRS plans to deny tens of thousands of improper high-risk Employee Retention Credit claims while starting a new round of processing lower-risk claims to help eligible taxpayers. the IRS ...
IRS has 37,000 webpages. About 2% get nearly all of its traffic
Federal News Network· 2 days agoThe IRS website includes tens of thousands of pages, but nearly all of its web traffic goes to a...
The IRS Is Targeting Partnership Transactions: Is Your Representative Ready? | JD Supra
JD Supra· 1 day agoEarlier this week, Treasury and the IRS issued guidance to halt the use of partnership rules in the Internal Revenue Code to engage in abusive basis-shifting transactions ...
U.S. IRS asked to delay crypto tax reporting rules
TheStreet.com· 23 hours agoMetaMask developer says the IRS is imposing a "costly compliance burden." The U.S. Internal Revenue Service (IRS) has been asked by a blockchain firm to ...
Treasury, IRS unveil plan to close ‘major tax loophole’ used by large partnerships
CNBC· 5 days agoIRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington,...
IRS says ‘vast majority’ of 1 million pandemic-era credit claims show a risk of being improper
Politico via Yahoo Finance· 2 days agoAbout 10 percent to 20 percent of the 1 million claims show “clear signs of being erroneous,” and...
IRS Introduces New Career Website As Hiring Spree Continues
Forbes· 5 days agoThe IRS has recently updated its IRS Careers website in an effort to attract more talent. According to the IRS, the site showcases the ...