IRS aims to close ‘inequity gap’ for unpaid taxes. How the agency targets top earners for audit
The IRS will continue to crack down on top earners who haven’t paid taxes owed — and certain returns may see increased scrutiny, experts say.
IRS commits to making Child Tax Credit changes quickly
The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.
Employee Retention Credit – Taxpayers And The March 22nd Deadline
Congress giveth and Congress taketh. Congress (and especially the Senate) will soon consider the House-passed Tax Relief for American Families and Workers Act.
TIGTA: Clawbacks, Flat Funding Could Hinder IRS Transformation
A clawback of the IRS’s Inflation Reduction Act funds, combined with flat appropriations funding, could hamper the agency’s plans for transformation, according to a new report.
As tax season begins, the IRS faces a monumental task: Digitizing a billion pieces of paper
As Americans prepare to file their 2023 federal tax returns, the Internal Revenue Service is getting ready to take on one of its biggest challenges: Digitizing all of its paper.
Government Shutdown Could Disrupt Upcoming Tax Season, IRS Commissioner Says
The IRS is revamping the top of its organizational structure for the first time in two decades, the agency announced Wednesday.
IRS Seeks Outside Help with Identifying Errors During Filing
The IRS is searching for contractors to support its plans to catch errors on tax returns when they are initially filed to avoid the need to fix them later — potentially with help from artificial intelligence.
IRS to send taxpayers a ‘special reminder letter’ about debt. Who may get one and what to expect
After a two-year hiatus on automated collection notices, the IRS said it will soon resume sending such letters — and experts have tips if you receive one.
IRS to Wipe Clean $1 Billion in Penalties as Collection Resumes
Nearly two years after the IRS hit pause on issuing automated collection reminder notices, the agency has set a date to begin resuming that work and coupled it with a clean slate for millions of affected taxpayers.
IRS Shuffles Leadership Roles in Revamp With Fresh Funds
The IRS is revamping the top of its organizational structure for the first time in two decades, the agency announced Wednesday.