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Class Warfare: IRS Promises to Increase Audits of ‘Wealthy’ Taxpayers by at Least 50% – Report
IJR· 2 hours agoBiden’s 2025 budget would bar cuts to the IRS until 2034. The report also noted that audits on what...
The IRS says audits are about to surge — here’s who’s most at risk
New York Post· 3 days agoWhen the IRS conducts an audit, individuals or heads of businesses must meet with an auditor, who...
New audit points to fraud potential in tax credit program for biofuels
Iowa Capital Dispatch via Yahoo News· 1 hour agoA new federal audit has revealed a surprising claim about biofuel tax credits: One third of the...
Yellen touts success of IRS pilot program that allowed direct free filing of tax returns
Wisconsin Examiner via Yahoo News· 6 days agoThe agency “met or exceeded” goals for the filing season and “successfully” […] The post Yellen...
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....
2024 Tax Refund Still Hasn't Arrived? Here's How to Track It
CNET· 7 days agoIf you filed your tax return weeks ago and still haven't received your refund money, it could be for...
IRS Notifies Thousands of Taxpayers That They Were Victims of a Data Breach
The National Law Review· 6 days agoDuring 2018 through 2020, Charles Littlejohn stole the tax return information of thousands of...
IRS Releases Final Tax Credit Sale Regulations
The National Law Review· 6 days agoLate last week, the Internal Revenue Service (“IRS”) and Department of the Treasury released final regulations relating to transfers of certain tax...
Forget To File Your Taxes? You Might Hear From The IRS
Forbes· 6 days agoThe IRS is mailing compliance letters, known as CP59 notices, “on more than 125,000 cases where tax returns haven’t been filed since ...
IRS Says Audits Are About to Surge, and Shares Who Will Be Targeted
Best Life· 3 days agoTaxpayers can breathe a sigh of relief knowing the 2023 tax year is over—for the most part at least....