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IRS taxpayer assistance centers still have some work to do on the customer service front
Federal News Network· 6 hours agoThe IRS has made progress in customer service, especially for people calling its Taxpayer Assistance...
IRS Enters Next Stage of Employee Retention Credit Work; Review Indicates Vast Majority Show Risk of...
Sierra Sun Times· 13 hours ago“The completion of this review provided the IRS with new insight into risky Employee Retention...
How the IRS went soft on the ultrawealthy and corporations
WBUR Boston· 6 hours agoA former IRS agent says the agency gives a pass to corporate tax cheats and the super-rich when...
IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper
WKMG ClickOrlando· 4 days agoAbout 10% to 20% of the 1 million claims show “clear signs of being erroneous” and tens of thousands...
Ken Griffin’s Data Leak Suit Against IRS Ends in Settlement
Bloomberg via Yahoo Finance· 4 hours ago(Bloomberg) -- The US Internal Revenue Service agreed to settle a lawsuit brought by hedge fund...
IRS Issues Guidance On Penalty Exceptions For Emergencies And Domestic Violence Victims
Forbes· 21 hours agoAs part of the SECURE 2.0 Act, exceptions now also include distributions for emergency personal...
IRS Met Penalty Approval Criteria in $25 Million Easement Suit
Bloomberg Law· 5 hours agoThe IRS complied with supervisory approval requirements in imposing a penalty on a partnership for its $25 million charitable contribution deduction claim, the US Tax Court said.
NIL Collectives: Don’t Be Blindsided by an IRS Challenge | JD Supra
JD Supra· 19 hours agoIf the IRS challenges the tax-exempt status of a name, image, and likeness (NIL) collective, the collective must understand how best to respond. Since the National Collegiate ...
Tax Court Backs IRS Appeals in Dispute Over Collection Hearing
Bloomberg Law· 6 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 ...
IRS Will Deny Billions Of Dollars Of ‘Clearly Improper’ Employee Retention Credit Claims
Forbes· 4 days agoAfter a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk...