Search results
IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
KAAL Austin· 5 days agoThe IRS said Thursday that it has taken steps to address a wide disparity in audit rates between...
IRS will audit more high-income taxpayers and large corporations. Here's what that means
Fast Company Magazine· 1 day agoThe Internal Revenue Service (IRS) last week released an annual update on its Inflation Reduction Act (IRA) Strategic Operating Plan. The guide was originally published in ...
IRS audits to surge: Here’s who the IRS will focus on for tax year 2026
The Republican· 1 day agoThe Internal Revenue Service said that it will increase audits for the tax year 2026. In a...
IRS PLR: Extension of Time Granted to Certify as a Qualified Opportunity Fund (IRC §1400Z)
Bloomberg Law· 1 day agoThe IRS has published a private letter ruling on Section 1400Z and Treasury Regulations Section 301.9100 regarding extensions of time to make an election to be certified as ...
IRS News Release: Reminder to File 2020 Tax Returns to Claim $1B in Tax Refunds Expiring on May 17
Bloomberg Law· 1 day agoReminder to about 1 million people who didn’t file their tax year 2020 returns that they may be eligible for a refund if they file by May 17, the IRS announced. A state-by-state ...
IRS Modernization Efforts Pose Challenges as Enterprises Embrace eFiling
PYMNTS.com· 4 days ago“Like any large business, the IRS has a vast portfolio of operating systems,” Walker said. The...
IRS Says You Have Until May 17 to Get Unclaimed Refunds: "Money on the Table"
Best Life· 6 days agoThe Internal Revenue Service (IRS) is beginning to issue tax refunds to those who withheld too much...
Houston Drilling Company Sues IRS Over $69 Million Tax Agreement
Bloomberg Law· 1 day agoThe IRS is being sued by the parent of Houston-based drilling company Ensco Group, which wants to secure an agreement for a multimillion-dollar tax refund. Ensco International ...
IRS unveils major changes in new 18-month plan
Newsweek· 4 days agoThe Internal Revenue Service (IRS) has announced major changes aimed at modernizing the federal agency's technology and improving its employee tools to...
IRS Begins Work to Update Whistleblower Retaliation Protections
Bloomberg Law· 4 days agoThe IRS has begun talks with the Department of Labor on strengthening whistleblower anti-retaliation provisions, an IRS official said Friday. “It is a positive ...