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IRS says it will need more money soon
The Washington Times· 3 days agoIRS Commissioner Danny Werfel said Thursday the agency has made huge strides in improving customer service but it will soon need more money if Congress wants continued progress ...
IRS Issues Final Regulations on Tax Credit Transfers | JD Supra
JD Supra· 2 days agoTreasury and the IRS confirmed that, if a partnership has not elected direct pay for credits pursuant to Sections 45V, 45Q, or 45X, it may qualify as an eligible taxpayer ...
IRS says it plans to hike the audit rates on certain taxpayers
WSB Radio· 2 days agoThe agency released an update to its strategic operating plan that includes nearly tripling the...
IRS to decide on restoring free tax site amid uncertain future of program
FOX 10 Phoenix· 5 days agoThe IRS enjoyed success with the rollout of its free tax filing website this tax season, which...
IRS Says You Have Until May 17 to Get Unclaimed Refunds: "Money on the Table"
Best Life· 4 days agoThe Internal Revenue Service (IRS) is beginning to issue tax refunds to those who withheld too much...
IRS News Release: Strategic Operating Plan Update
Bloomberg Law· 3 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 acts to address wide disparity in audit rates between Black taxpayers and other filers
ABC 7 Chicago· 2 days agoA study from January 2023 involving university researchers and the Treasury Department found that ...
IRS Pledges Ramped-Up Audits on Rich Tax Dodgers in Updated Plan
Bloomberg Law· 3 days 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 ...
IRS PLR: Permission to File Late Homeowners Association Election Granted (IRC §9100)
Bloomberg Law· 2 days agoThe IRS has published a private letter ruling on Section 9100 of the Procedure and Administration Regulations and Section 528 of the Internal Revenue Code, granting the taxpayer an extension ...
IRS Art Donation Audits Are the Start of a Tax Pro’s Paper Chase
Bloomberg Law· 3 days agoIn its latest message to wealthy taxpayers, the IRS says it plans to target improper art donation tax deductions, focusing on promoters who “encourage taxpayers to buy various ...
