IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Treasury Calls for Crypto Transfers Over $10K to Be Reported to IRS
By Laura Davison | Christopher CondonBusinesses receiving Bitcoin and other crypto assets valued at over $10,000 would need to report these transactions, as they do now with cash, the department proposes.
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.
March 31, 2021
IRS Warns of Identity Theft Scam Targeting College Students, FacultyThe scammers lure victims with the promise of a tax refund.
March 29, 2021
IRS Extends IRA Contribution DeadlineContributions to HSAs and Coverdell Education Savings Accounts also are extended to May 17.