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IRS says layoffs possibly by 2026 without sustained funding boost
Government Executive· 1 day 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· 1 day 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...
Court Unanimously Overturns Farhy, Finding IRS Has Authority To Assess Penalties
Forbes· 1 day agoThe D.C. Circuit Court issued a ruling today that the IRS does have the authority to assess foreign information return penalties. The ruling was unanimous, 3-0, with Circuit ...
5 Things You Should Know Now About IRS Form 5472
Forbes· 6 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%...
Time almost up for SC taxpayers to get their share of $12.5M, IRS says. Here’s how to get yours
The State· 22 hours agoThe deadline is nearly here for South Carolina taxpayers to claim their share of $12.5 million, the IRS says. Here’s what to know.
Time almost up for SC taxpayers to get their share of $12.5M, IRS says. Here’s how to get yours
The State via Yahoo Finance· 22 hours agoFor many taxpayers, this is by far the quickest and easiest option. Request a transcript. Another...
Time almost up for SC taxpayers to get their share of $12.5M, IRS says. Here’s how to get yours
The State McClatchy via AOL· 22 hours agoFor many taxpayers, this is by far the quickest and easiest option. Request a transcript. Another...
IRS plans to increase audit rates of wealthy taxpayers by 50%
CBS 58 Milwaukee· 1 day agoThe audit rate of taxpayers earning more than $10 million is expected to increase by 50%, going up...
IRS Forms New Office to Resolve Tax Disputes Earlier and More Efficiently
WealthManagement.com· 3 days agoAccording to IRS Commissioner Daniel Werfel, “This new office will revitalize existing programs and...
IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
seattlepi.com· 2 days agoThe IRS said Thursday that it has taken steps to address a wide disparity in audit rates between...