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IRS says it will boost audits on wealthy, address racial disparities
News 12 Augusta· 2 days agoThe agency says it will increase audits on people who earn more than $10 million from 11% to 16.5%...
IRS addressing wide disparity in audit rates between Black taxpayers, other filers
Orange County Register· 3 days agoThe IRS said Thursday that it has taken steps to address a wide disparity in audit rates between...
IRS lays out modernization priorities, sounds alarm on funding shortfall
FedScoop· 2 days agoThe IRS believes it will soon be forced to scale back its business system modernization efforts,...
IRS Notifying Taxpayers Whose Data Was Accessed In Leak That Hit Billionaires And Trump
Forbes· 3 days agoThe IRS is now notifying more taxpayers who were impacted by the Littlejohn data breach. Former IRS contractor Charles Littlejohn illegally accessed and ...
IRS Unveils Plan to Crack Down on Wealthy Taxpayers
The Fiscal Times via Yahoo Finance· 3 days 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 evaluating future of free pilot program that helped over 4,000 Nevadans file taxes
KTNV Las Vegas· 2 days agoAs mandated by the Inflation Reduction Act, the IRS delivered a report to Congress in May 2023 that...
IRS Says Most Taxpayers Using Direct File Praised Pilot Program
Bloomberg Law· 2 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 advice to small businesses
Newsweek· 6 days agoThe IRS has issued a range of advice for small businesses this tax season as they look to make the most of their finances under the government's rules....
IRS Begins Work to Update Whistleblower Retaliation Protections
Bloomberg Law· 2 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 ...
IRS Authorized to Recover Foreign Reporting Penalty Without Suit
Bloomberg Law· 2 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.