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IRS acts to address wide disparity in audit rates between Black taxpayers, other filers
Herald & Review· 3 days agoIRS data-driven algorithms selected Black taxpayers for auditing at up to 4.7 times the rate of...
Wagstaff paid off $189K tax debt to IRS as he campaigned for Westchester DA
Gannett via AOL· 6 days agoSign up for Wilson's weekly newsletter for insights into his Tax Watch columns. David McKay Wilson...
IRS Art Donation Audits Are the Start of a Tax Pro’s Paper Chase
Bloomberg Law· 5 days agoIn its latest message to wealthy taxpayers, the IRS says it plans to target improper art donation tax deductions, focusing on promoters who “encourage taxpayers ...
Foreign Tax Credit Ruling Would Reduce US Expat Burden if Upheld
Bloomberg Law· 16 hours agoThe US Court of Federal Claims ruled in 2023 that the IRS wrongly denied taxpayers Matthew and Katherine Christensen from using the US-France income tax ...
Weekly IRS Roundup April 22 – April 26, 2024
The National Law Review· 4 days agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 22, 2024 – April 26, 2024....
Not So Cryptic: IRS Increases Oversight on Cryptocurrency Income Tax Reporting Requirements | JD...
JD Supra· 5 days agoCryptocurrency has revolutionized the financial markets but also created tax traps for the unwary investor. Building on proposed regulations issued last year, the
IRS Publishes Proposed Regulations on Stock Buyback Excise Tax | JD Supra
JD Supra· 6 days agoOn April 12, 2024, the US Department of the Treasury and the IRS published proposed regulations (89 FR 25980 and 89 FR 25829, the “Proposed Regulations”) on the application ...
Time almost up for SC taxpayers to get their share of $12.5M, IRS says. Here’s how to get yours
The State McClatchy via AOL· 4 days agoAnd while 2020 was four years ago, there are ways to gather the necessary information to file the...
IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
San Francisco Chronicle· 4 days ago“We are overhauling compliance efforts to advance our commitment to fair, equitable, and effective ...
The IRS is overhauling how it audits. Here’s who is a target
The Hill· 4 days agoThe IRS estimates there’s now a $683 billion tax gap made up of taxpayers underreporting income,...