IRS restructures leadership
The Internal Revenue Service has reorganized its leadership structure at the top, with a single deputy IRS commissioner instead of two, and four chief executives
IRS
IRS rejects claims from 20,000 taxpayers for lucrative small business tax credit
The IRS is taking action against small businesses that improperly filed returns claiming a lucrative pandemic-era tax credit.
IRS plan to use AI may affect wealthy taxpayers. Here’s how
The IRS is launching plans with boosted technology and artificial intelligence to collect unpaid taxes from higher earners, partnerships and large corporations.
IRS use of AI in tax audits could be a game changer, but with pitfalls
The Internal Revenue Service plans to leverage artificial intelligence to identify patterns of noncompliance in large partnerships, while also ramping up its examinations of high-income taxpayers and big corporations.
IRS unveils ‘paperless processing initiative’ for taxpayers. Here’s what to expect
The IRS has unveiled plans to offer digital correspondence for the 2024 tax season, building on the agency’s decade-long overhaul of improved service, technology and compliance.
The IRS wants more people working in tax enforcement. Now it has to find them
The IRS is planning how it will use the $80 billion allocated to the agency under the Inflation Reduction Act — and how it will successfully recruit new employees
Here’s How the IRS Will Spend its $80 Billion Funding Boost
A large-scale refurbishment of the Internal Revenue Service (IRS) is underway following an allotment of $80 billion to the agency in Democrats’ Inflation Reduction Act passed last year.
House Republicans Vote to Rescind I.R.S. Funding
The measure, one of the new majority’s first legislative moves, would cut billions in funding that Democrats passed to help crack down on tax cheats. It does not have enough votes to pass the Senate.
IRS Warning on pop-up ERC Shops
The Internal Revenue Service issued notice IR 2022-183, warning all business owners to be wary of third parties manipulating them into claiming the Employee Retention Credit (ERC) when they may not qualify.