Proper IRS Modernization Will Have Long-Lasting Positive Impact
Flush with funding from the Inflation Reduction Act, the IRS launched major initiatives to ramp up enforcement activities and make much-needed improvements in taxpayer services.
Former IRS Commissioner Cites Missed Opportunity in State of The Union Address
Days after President Biden delivered his address on the State of the Union, people are still talking about it. Love it or hate it, the speech was one of the most memorable of Biden’s presidency.
Justice Department Appeals Corporate Transparency Act Ruling
The US government appealed a district court ruling that the anti-money laundering Corporate Transparency Act is unconstitutional, setting the stage for what could be a lengthy appeals process.
Tax Pros Brace for ‘Tidal Wave’ of Crypto Tax Scrutiny From the IRS. What Investors Need to Know
As the IRS bolsters its cryptocurrency expertise, tax professionals are bracing for increased scrutiny of digital currency.
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.
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.
How Automation Can Solve Problems in the Food Supply Chain
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 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.