IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Think Tank Warns Against Overstretching the IRS
By Melanie WaddellCongress should think carefully before giving the IRS additional duties because it's already overwhelmed, the American Council for Capital Formation says.
May 18, 2021
Supreme Court Strips Lawsuit Protection From IRS Reporting RulesThe court ruled that taxpayers can sue over IRS reporting rules without violating the rules.
May 17, 2021
U.S. Tax Day Arrives Late With IRS Behind on Millions of ReturnsMonday brings a close to what CPAs and other financial professionals have dubbed the "never-ending tax season."
May 14, 2021
Insurer to Pay $77M to Settle Criminal Tax Evasion CaseSwiss Life has agreed to help the U.S. government locate U.S. tax evaders in a criminal case involving private placement insurance.
April 28, 2021
IRS Pandemic Response Challenge: How Does Your Firm Compare?An oversight agency says the IRS employed many more people to answer the phones but took 64% longer to answer calls.
April 14, 2021
Top 12 Overlooked Tax Deductions: 2021Don't let your clients leave tax breaks on the table.
April 13, 2021
U.S. Likely Failing to Collect $1 Trillion a Year in TaxesCryptocurrency and tax evasion by the wealthy contribute to the tax gap, IRS Commissioner Rettig says.
April 02, 2021
IRS to Refund Taxes Paid on 2020 Jobless BenefitsTaxpayers don't need to file an amended return unless the change qualifies them for additional tax benefits.