IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Warns of Schemes Involving Art Donations
By Melanie WaddellHigh-income taxpayers must "watch out for inflated values or questionable appraisals" tied to exaggerated deductions.
September 27, 2023
How to Get Tax Breaks, Tap Retirement Accounts After a Natural DisasterAmericans dealing with disasters may be eligible for tax deductions, deferred deadlines or penalty-free withdrawals.
September 27, 2023
How to Help Wealthy Clients Avoid Audits as IRS Cracks DownSome assets popular with wealthy investors, such as real estate, are likely to attract the IRS' attention.
September 20, 2023
New IRS Unit to Focus on Tax Dodging by Pass-ThroughsThe unit will crack down on large partnerships using pass-throughs to shield income, IRS' commissioner said.
September 18, 2023
Hunter Biden Sues IRS Over Tax Disclosures by Agency EmployeesThe lawsuit refers to an "assault" on his rights from the televised disclosure of confidential tax information.
September 18, 2023
IRS to Hire 3,700 Agents to Audit Wealthy Tax DodgersThe new hires will be specialized agents focused on high earners and complex partnerships, the IRS says.
September 15, 2023
New Bill Requires IRS to Create Short Form for Taxpayers Living AbroadThe bill would also expand the Foreign Earned Income Exclusion to include retirement income earned overseas.
September 08, 2023
IRS Launches New Crackdown on Wealthy Tax CheatsThe new initiative will be driven by AI and other technology to help IRS better detect tax cheating.