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IRS Proposes to Limit Application of Funding Rule on Stock Buyback Excise Tax | JD Supra
JD Supra· 1 day agoIn prior bulletins from February 2023 and December 2022, we described a notice from the Internal Revenue Service (IRS) that outlined the rules that the IRS
Tax Court Backs IRS Appeals in Dispute Over Collection Hearing
Bloomberg Law· 14 hours agoIRS Appeals didn’t abuse its discretion by upholding the agency’s proposed collection action where the petitioning taxpayer already had a chance to challenge their underlying ...
Democrat asks IRS to investigate nonprofit with ties to Kari Lake campaign, legal team
Arizona Mirror via Yahoo News· 5 days agoPinal County Democrats Chair Lisa Sanor is asking the Internal Revenue Service to investigate a...
IRS has 37,000 webpages. About 2% get nearly all of its traffic
Federal News Network· 4 days agoThe IRS website includes tens of thousands of pages, but nearly all of its web traffic goes to a...
IRS Breaks ERC Logjam. What Does This Mean For The Average Joe?
Forbes· 4 days agoThe Internal Revenue Service (IRS) announced a breakthrough today in the logjam of Employee Retention Credits (ERC) that has plagued the agency since a moratorium on processing ...
IRS asks Congress to scrap employee retention credit amid ‘gold rush’ of bogus claims
The Hill via Yahoo News· 5 days agoThe IRS is getting blasted with bogus claims for the employee retention tax credit (ERC) and is...
Class bias at the IRS
WBUR Boston· 1 day agoA former IRS agent says the agency goes easy on corporations and the ultrawealthy when investigating possible tax crimes. The IRS’s Large Business and...
IRS says ‘vast majority’ of 1 million pandemic-era credit claims show a risk of being improper
Politico via Yahoo Finance· 4 days agoAbout 10 percent to 20 percent of the 1 million claims show “clear signs of being erroneous,” and...
Ken Griffin’s Data Leak Suit Against IRS Ends With Settlement
Bloomberg· 14 hours agoThe US Internal Revenue Service agreed to settle a lawsuit brought by hedge fund manager Ken Griffin...
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
Associated Press via Yahoo Finance· 5 days agoThe Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention...