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IRS Sends Out 180,000 Reminders to Taxpayers Who Need to File
Bloomberg Law· 3 hours agoThe IRS has sent over 180,000 reminder notices to taxpayers across income levels who haven’t filed their taxes—the latest update on its effort to recoup taxes owed following ...
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 acts to address wide disparity in audit rates between Black taxpayers and other filers
theGrio via AOL· 9 hours agoA study from January 2023 found that IRS data-driven algorithms selected Black taxpayers for auditing at up to 4.7 times […] The post IRS acts to address ...
IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
KAAL Austin· 1 day agoThe IRS said Thursday that it has taken steps to address a wide disparity in audit rates between...
IRS says it plans to hike the audit rates on certain taxpayers
WSOC-TV Charlotte· 9 hours agoThe agency released an update to its strategic operating plan that includes nearly tripling the...
Certificates of Discharge from IRS Liens | JD Supra
JD Supra· 18 hours agoThe IRS requires these taxpayers to apply for a “certificate of discharge,” discussed further below. The IRS will review the submission and make a determination ...
IRS Issues 401(k) Disaster Relief Guidance FAQ Under SECURE 2.0
Bloomberg Law· 1 hour agoA landmark federal retirement law allows for special purpose distributions of up to $22,000 of qualified disaster recovery distributions from eligible 401(k), 403(b), and IRA plans, the IRS said in a new fact sheet.
IRS Authorized to Recover Foreign Reporting Penalty Without Suit
Bloomberg Law· 10 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 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 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...