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IRS Win Stands in Foreign Reporting Penalty Case at D.C. Circuit
Bloomberg Law· 2 days agoThe D.C. Circuit won’t review its decision on the claim of a man who challenged the IRS’s authority to assess penalties for failing to disclose interest in foreign businesses ...
What it will take to make Direct File permanent
Government Executive· 2 days agoThe IRS pilot of a government-backed online tool to file taxes for free, dubbed Direct File, is going permanent, the tax agency announced a few weeks...
Did you pay your 2023 taxes on time? IRS says some people didn't when they actually did
Detroit Free Press via Yahoo Finance· 4 days agoImagine opening a letter from the IRS in early June that says you owe $6,000 for your federal income...
Cut Back the Glut of Unused Office Space, Watchdog Tells IRS
Bloomberg Law· 5 days agoThe IRS has made efforts to cut back on its unused office space but still must create a long-term plan for space reduction past 2026, the Treasury Inspector General for Tax Administration said in a report Monday.
New Employee Retention Credit Details Expected Soon, IRS says
Bloomberg Law· 1 day agoThe IRS is planning to release additional analysis on claims made as part of its pandemic-era employee retention credit program that’s been paused since last year, a top agency ...
Fact Check: Is The IRS Really Giving An $8700 Stimulus Check?
AfroTech via Yahoo Finance· 5 days agoAt the top of their X profile, the official @IRSnews account has pinned a tweet advising Americans...
IRS is reducing its physical footprint but needs a better long-term plan, its IG says
Government Executive· 4 days agoBetween the 2018 and the 2023 fiscal years, IRS’ overall space footprint fell from 24.3 million...
US Department of the Treasury makes significant last-minute change to vehicle tax credit rules:...
The Cool Down via Yahoo News· 1 day agoElectrek reported that the United States Department of the Treasury and Internal Revenue Service (...
IRS PLR: Extension Granted for Decedent’s Estate to Make Portability Election (IRC §2010)
Bloomberg Law· 1 day agoThe IRS has published a private letter ruling on Section 2010 and Treasury Regulation Section 301.9100 granting a decedent’s estate an extension of time to make a portability election to ...
IRS sends warning on senior-targeting scams in Illinois
WMBD - FOX 43 Peoria· 3 days agoCHICAGO (WMBD) — The IRS is reminding older Illinois residents about the dangers of impersonation...