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IRS considers the future of its Direct File pilot
Government Executive· 3 hours agoThe IRS hasn’t made a decision about whether it will field its Direct File platform long-term, Commissioner Danny Werfel says, but the tax agency is...
The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.
Market Watch· 6 days agoFor taxpayers worth at least $500,000, “certainly the audits are not dropping and would suggest a...
HILL TAX BRIEF: IRS Direct File Pilot Cost Less Than Estimated
Bloomberg Law· 2 hours agoThe IRS’s Direct File pilot cost the agency $24.6 million, significantly below estimates, the agency said April 26, though that hasn’t quelled opposition from the tax-prep industry to the program.
Crypto Tax Reporting Draft Form Signals Compliance Challenges
Bloomberg Law· 4 hours agoThe IRS unveiled a draft of the first crypto tax reporting form, 1099-DA, on April 19 after months of gathering feedback on proposed regulations that would require “brokers ...
IRS Waives 2024 RMDs For Inherited IRA Beneficiaries
Forbes· 1 day agoThe IRS has just waived some Inherited IRA RMDs again for 2024. This is the fourth year in a row that the IRS has kicked the can down the road for people...
IRS issues reminder on transfer of tax credits
Newsweek· 3 days agoThe new rules, announced by the Internal Revenue Service (IRS) and Treasury Department on April 25, mean that renewable energy developers and owners can...
Taxpayers Have Less Than 3 Weeks to Claim $1B the IRS Is Holding. See If You're Owned Money
CNET· 2 days agoThe IRS Is holding onto more than $1 billion in unclaimed refunds for tax year 2020, but not for...
Weekly IRS Roundup April 15 – April 19, 2024
The National Law Review· 7 days agoCheck out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 15, 2024 – April 19, 2024....
Week in Insights: IRS Direct File’s Security Should Be a Priority
Bloomberg Law· 22 hours agoThe IRS Direct File pilot program launched this year into a world fraught with threats. While the IRS is no newcomer to information security, taxpayers ...
Ask Amy: A no-cost CPA earns some penalties
NJ.com· 1 hour agoDEAR AMY: My boyfriend’s dad is a CPA, with decades of experience. As a result, I found out he had given me incorrect advice for all of these years...
