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IRS to boost audit rates for big firms, millionaires | Honolulu Star-Advertiser
Honolulu Star-Advertiser· 14 hours agoReleasing an update of its strategic operating plan for spending $60 billion in funding from the...
IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
Associated Press· 1 day agoThe IRS said Thursday that it has taken steps to address a wide disparity in audit rates between...
IRS Authorized to Recover Foreign Reporting Penalty Without Suit
Bloomberg Law· 9 hours agoThe IRS can assess penalties on taxpayers who willfully fail to file certain disclosures of their interest in foreign corporations without filing a civil suit, the D.C. Circuit ruled Friday.
IRS PLR: Extension of Time Granted to Make Qualified Terminable Interest Property Election (IRC...
Bloomberg Law· 5 hours agoThe IRS has published a private letter ruling on Treasury Regulations Section 301.9100 and Section 2056, regarding extensions of time to make a qualified terminable interest property election for federal ...
IRS Unveils Plan to Crack Down on Wealthy Taxpayers
The Fiscal Times· 13 hours agoThe IRS wants to increase its audit rate for taxpayers earning more than $10 million by about 50%, according to an updated operating plan released...
IRS says number of audits about to surge. Here's who it is targeting.
CBS News· 1 day agoThe IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more...
IRS extends remote work pilot, in bid to ‘keep up’ with workforce expectations
Federal News Network· 1 day agoThe Internal Revenue Service, having met the Biden administration’s requirement to bring federal...
IRS issues warning on data security
Newsweek· 1 day agoThe Internal Revenue Service (IRS) is urging business owners and tax preparers to protect their companies from cybercriminals and scams. The government...
IRS PLR: Extension of Time Granted to Make Qualified Subchapter S Trust Election (IRC §1361)
Bloomberg Law· 3 hours agoThe IRS has published a private letter ruling on section 1362, regarding the extension of time to make a qualified subchapter S trust election. [PLR 202418008]
IRS addressing wide disparity in audit rates between Black taxpayers, other filers
Orange County Register· 1 day agoThe IRS said Thursday that it has taken steps to address a wide disparity in audit rates between...