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.
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.
Automation allows farmers and food distributors to streamline their supply chains, relying on less labor to get their goods to market. Each year in the United States alone, 80 million tons of food is considered spoiled or unsellable before it reaches the market.
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.
The IRS is revamping the top of its organizational structure for the first time in two decades, the agency announced Wednesday.
With a rumored solution for 174 amortizations, the R&D tax credit could put cash back into businesses’ pockets before the next deadline. ERC is coming to an end, but the…
Congress may have bought themselves another year to hash out a farm bill, but countless agriculture groups and organizations have significant priorities that have yet to be addressed.
A national shortage of CPAs and support staff is driving up prices. American taxpayers had to pay at least 20% more on average to get their taxes done last year — and accountants aren’t thrilled about it either.
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.
While Covid-19 relief appropriations pulled many businesses from the brink of demise, an onslaught of associated fraud has come to the surface, especially regarding claims for the employee retention credit.
Corporate tax advisers are gearing up clients for 2024 tax code changes to research and development expenses, an election year that could determine the fate of some high-profile laws, and corporate minimum taxes, among other regulatory actions from the IRS and Treasury Department.