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IRS Might Reopen ERC Voluntary Disclosure Program in Future
Bloomberg Law· 5 hours agoThe program, which stopped accepting applications after March 22, allows employers that improperly claimed the ERC to voluntarily repay 80% of the amount received. In exchange, they would not ...
IRS Forms New Office to Resolve Tax Disputes Earlier and More Efficiently
WealthManagement.com· 1 day agoAccording to IRS Commissioner Daniel Werfel, “This new office will revitalize existing programs and...
IRS Pledges Ramped-Up Audits on Rich Tax Dodgers in Updated Plan
Bloomberg Law· 7 hours agoThe IRS is promising it will stay tough in the next few years on large companies, partnerships, and individuals who aren’t paying what they owe, amping up its ongoing efforts ...
Yellen touts success of IRS pilot program that allowed direct free filing of tax returns
Missouri Independent via Yahoo News· 1 day agoThe agency “met or exceeded” goals for the filing season and “successfully” […] The post Yellen...
Money Talk: IRS extends excise tax relief for missed RMDs
Portsmouth Herald via Yahoo Finance· 10 hours agoThis change also created substantial confusion, enough so that the IRS waived penalties related to...
DeSantis signs bill targeting banks and creating IRS liaison for Floridians
Tampa Bay Times· 5 hours agoGov. Ron DeSantis signed legislation Thursday making it harder for banks to drop customers and...
IRS Rev. Proc.: List of Automatic Changes for Accounting Automatic Change Procedures Updated (IRC...
Bloomberg Law· 8 hours agoList of automatic changes to which the automatic change procedures in Rev. Proc. 2015-13 (as clarified and modified) apply, the IRS provided. The definitions in section 3 of Rev. Proc. ...
IRS Issues New Guidance for Private Letter Rulings on Spinoffs
Bloomberg Law· 1 day agoThe IRS released new guidance on private letter rulings, detailing procedures for taxpayers seeking rulings on certain corporate transactions.
IRS Is Notifying Taxpayers Who Were Victims Of Massive Data Breach
Forbes· 2 days agoThe IRS is notifying taxpayers who were impacted by the Littlejohn data breach. Former IRS contractor Charles Littlejohn illegally accessed and distributed ...
Catch up on the day’s stories: Pushing back against book bans, IRS ramps up audits, Kevin Bacon gene...
CNN.com· 3 hours agoThe audit rate of people earning more than $10 million will increase by 50%, and the agency intends...