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Supreme Court: IRS Can Secretly Obtain Bank Records of Taxpayer’s Relatives
Taxation
The U.S. Supreme Court has ruled unanimously that the IRS can summon bank information without notifying account holders…
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Senate Bill Would Raise 1099-K Reporting Threshold to $10K for Third-Party Platforms
Taxation
Two U.S. senators have introduced legislation to raise the dollar threshold for required reporting on third-party…
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TIGTA Assesses IRS’s Active Shooter Preparedness and Training
Taxation
The Treasury Inspector General for Tax Administration (TIGTA) has released a report on the IRS's efforts to institute an…
Read More
Corporate Tax Executives Brace for More Disclosure on Global Liabilities
Taxation
As investors and regulators demand more disclosure about corporate tax liabilities, corporate tax executives fret about the…
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IRS Commissioner Promises to Fix Bias in Audits of Black Taxpayers
Taxation
In response to a recent finding that Black taxpayers are audited at higher rates than non-Black taxpayers, IRS Commissioner…
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IRS to Roll Out Pilot Free-File System Next January
Taxation
The IRS plans to introduce a pilot program for its own free direct-file system in January 2024, The Washington Post…
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IRS Takes Steps to Protect Employees’ Identities
Taxation
The IRS is taking measures to protect the identities of employees because some of them have been contacted by taxpayers via…
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IRS Proposes New Guidance for Domestic Content Tax Credit
Taxation
The Department of Treasury and the IRS have issued a notice of intent to propose guidance for rules that taxpayers must…
Read More
TIGTA: IRS Knowledge Management System Needs Improvements
Taxation
IRS employees have experienced difficulties using the enterprise-wide Knowledge Enterprise System, a Treasury Inspector…
Read More
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