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IRS penalties on American taxpayers surged nearly 300% last year
FOX Business· 4 days agoThe IRS hit Americans with $7 billion in tax penalties in 2023, a record-high level that marks a...
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...
IRS to Reject Billions of Dollars in Covid Employer Tax-Credit Claims
The Wall Street Journal· 4 days agoThe Internal Revenue Service is planning to deny billions of dollars of claims for the pandemic-era...
IRS to end another major tax loophole for the wealthy and raise $50 billion in the process
Napa Valley Register· 7 days agoThe IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50...
IRS/Tax Whistleblower Guide | JD Supra
JD Supra· 7 days agoAnyone who has obtained evidence that a person or company is committing tax fraud or evasion can become a whistleblower by reporting it to the Internal Revenue Service (IRS
IRS hit a ‘big milestone’ to wean itself off paper. What comes next?
Federal News Network· 7 days agoThe IRS is taking major strides to wean itself off paper. The agency’s Document Upload Tool is...
IRS to end another major tax loophole for the wealthy and raise $50 billion in the process
WKBT La Crosse· 7 days agoThe IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50...
IRS extends freeze on Pandemic-Era Tax Credit due to widespread fraud - ABC Columbia
ABC Columbia· 3 days agoIf you just put in an application for the Employee Retention Tax Credit Program, you might be...
IRS adds another state to Direct File, as House Republicans seek to defund it
Federal News Network· 6 days agoThe IRS is recruiting another state to participate in its Direct File platform, which lets...
IRS Likely To Increase Scrutiny On The Puerto Rico Act 22 Tax Break
Forbes· 4 days agoPuerto Rico's legislature passed Act 22 in 2012, according to critics in Congress, “to attract wealthy foreigners and mainlanders to Puerto Rico by offering generous tax-related benefits.” “ ...