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IRS Unveils Plan to Crack Down on Wealthy Taxpayers
The Fiscal Times· 21 hours agoRelying on additional funding provided by the Inflation Reduction Act of 2022, the tax agency said it plans to raise the audit rate on high earners,...
Week in Insights: IRS Is Happy to Trade Refunds for Compliance
Bloomberg Law· 12 hours agoThe US tax system operates on a voluntary basis—each taxpayer must report their income and calculating tax liabilities without direct government involvement ...
2024 Tax Refund Still Hasn't Arrived? Here's How to Track It
CNET· 6 days agoIf you filed your tax return weeks ago and still haven't received your refund money, it could be for...
940,000 Taxpayers Have Just 2 Weeks to Claim Part of the $1B theIRS Is Holding. See If You're Owed...
CNET· 5 days agoIf you didn't file taxes in 2021 because you didn't think you qualified, you forgot or you didn't...
Tax Return Disclosures Avoid IRS Penalties, Ease Or Prevent Audits
Forbes· 6 days agoTax advisers use the term 'disclosure' frequently, and it can sometimes have a negative connotation....
IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
KRQE & KASA FOX 2 Albuquerque· 3 days agoWASHINGTON (AP) — The IRS said Thursday that it has taken steps to address a wide disparity in audit...
IRS Forms New Office to Resolve Tax Disputes Earlier and More Efficiently
WealthManagement.com· 4 days agoAccording to IRS Commissioner Daniel Werfel, “This new office will revitalize existing programs and...
IRS Says You Have Until May 17 to Get Unclaimed Refunds: "Money on the Table"
Best Life· 4 days agoAccording to the IRS, the government agency is holding onto more than $1 billion in unclaimed tax...
Crypto Tax Reporting Draft Form Signals Compliance Challenges
Bloomberg Law· 7 days agoThe IRS unveiled a draft of the first crypto tax reporting form, 1099-DA, on April 19 after months of gathering feedback on proposed ...
Not So Cryptic: IRS Increases Oversight on Cryptocurrency Income Tax Reporting Requirements | JD...
JD Supra· 4 days agoCryptocurrency has revolutionized the financial markets but also created tax traps for the unwary investor. Building on proposed regulations issued last year, the