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IRS Modernization Plans Falling Short, GAO Finds
Taxation
The IRS recently suspended key elements of its information technology (IT) modernization plans, the Government…
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IRS Proposes New Tip-Reporting Program
Taxation
The IRS has issued a proposed revenue procedure for a voluntary tip-reporting program for employers in the service industry.…
Read More
Study Finds IRS Audits Black Taxpayers at Higher Rate
Auditing
The IRS audits Black taxpayers at 2.9 to 4.7 times the rate of non-Black taxpayers, a Stanford University study found.…
Read More
KPMG Survey: Chief Tax Officers Plan to Outsource More Work in Coming Years
Taxation
A large majority of chief tax officers at multibillion-dollar companies surveyed by KPMG plan to outsource more work to…
Read More
IRS Opens E-File Portal for Filing Forms 1099
Taxation
Aiming to reduce the number of paper Forms 1099 that it expects to be filed, the IRS announced on Jan. 25 that it has opened…
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IRS Reminder: Continue to Report Digital Asset Income
Taxation
Now that tax season is under way, the IRS is reminding taxpayers that they need to keep reporting all digital asset income.…
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IRS's Use of Bank Secrecy Act Data Yields Large Number of Criminal Referrals
Taxation
In releasing investigative statistics, the IRS's criminal investigation arm (IRS-CI) showed how the agency was able to…
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National Taxpayer Advocate Reports Continuing IRS Service Issues But Progress in Reducing Backlog
Taxation
The IRS has made significant strides in reducing its backlog of returns but still needs improvement in taxpayer services and…
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House GOP Attempts to Repeal Funding to IRS
Taxation
In one of its first actions, the new Republican majority in the U.S. House of Representatives moved to rescind most of the…
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