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IRS to increase audits for 2 specific groups and reduce for others
The Cleveland Plain Dealer· 4 days agoThe Internal Revenue Service (IRS) plans to ratchet up its audits for wealthier Americans and major...
IRS Guidance On Electric Drive Incentives Will Provide Clarity For The Stakeholders Throughout The...
CleanTechnica· 3 days agoIRS guidance on electric drive incentives will provide clarity for the stakeholders throughout the value chain
IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
U-T San Diego· 5 days agoThe IRS said Thursday that it has taken steps to address a wide disparity in audit rates between Black taxpayers and others filers, and is more closely examining the returns ...
IRS warns of persistent scams following Tax Day
KOMU Columbia· 4 days agoThe IRS is warning Americans about common scams that are targeting consumers nationwide for their money, personal information, data and more. The...
IRS Authorized to Recover Foreign Reporting Penalty Without Suit
Bloomberg Law· 4 days 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 Says Most Taxpayers Using Direct File Praised Pilot Program
Bloomberg Law· 4 days agoThe IRS issued its report detailing results of its Direct File pilot program, noting that many users had positive experiences with the tool. The reportcomes as the agency ...
IRS Issues New Guidance for Private Letter Rulings on Spinoffs
Bloomberg Law· 6 days agoThe IRS released new guidance on private letter rulings, detailing procedures for taxpayers seeking rulings on certain corporate transactions.
IRS Considers Changes to Donor-Advised Fund Proposed Regulations
Bloomberg Law· 4 days agoIRS officials are taking a closer look at a few contentious provisions in the proposed donor-advised fund regulations. The agency is considering what is included in the definition ...
IRS News Release: Strategic Operating Plan Update
Bloomberg Law· 5 days agoAn update on the IRS’s Strategic Operating Plan, a blueprint outlining future plans for the agency’s transformation work and highlighting dozens of improvements for taxpayers since passage of the Inflation ...
IRS PLR: Extension of Time to Assess Branch Profits Tax Granted (IRC §884)
Bloomberg Law· 4 days agoThe IRS has published a private letter ruling on Section 884 granting the taxpayer, a foreign corporation organized in Country A and owned by an individual, a Country B citizen ...