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IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
U-T San Diego· 14 hours 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 says layoffs possibly by 2026 without sustained funding boost
Government Executive· 13 hours agoThe cutbacks could come in the form of separation incentives, followed by furloughs and, as a last...
IRS Unveils Plan to Crack Down on Wealthy Taxpayers
The Fiscal Times via Yahoo Finance· 11 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...
IRS plans to increase audit rates of wealthy taxpayers by 50%
CNN via AOL· 16 hours agoThe Internal Revenue Service detailed its plans Thursday to significantly ramp up audit rates of...
IRS Art Donation Audits Are the Start of a Tax Pro’s Paper Chase
Bloomberg Law· 1 day 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 ...
IRS Forms New Office to Resolve Tax Disputes Earlier and More Efficiently
WealthManagement.com· 2 days agoAccording to IRS Commissioner Daniel Werfel, “This new office will revitalize existing programs and...
Not So Cryptic: IRS Increases Oversight on Cryptocurrency Income Tax Reporting Requirements | JD...
JD Supra· 1 day agoCryptocurrency has revolutionized the financial markets but also created tax traps for the unwary investor. Building on proposed regulations issued last year, the IRS recently ...
5 Things You Should Know Now About IRS Form 5472
Forbes· 5 days agoCertain corporations (both U.S. and foreign) and certain foreign-owned U.S. disregarded entities must file IRS Form 5472, Information Return of a 25%...
IRS Says You Have Until May 17 to Get Unclaimed Refunds: "Money on the Table"
Best Life· 2 days agoThe Internal Revenue Service (IRS) is beginning to issue tax refunds to those who withheld too much...
Certified Mailing Solutions, Inc. Brings the IRS' Certified Mail® Into the Modern Age, Renewing a...
International Business Times· 10 hours agoIn today's digital age, physical mail has been mostly replaced by email. To increase security and...