News

News

07.09.2024

The IRS audited my husband’s 2021 tax return and, yes, he made some mistakes. Now it wants two years to look at his 2022 tax return. Is this normal?

My husband owns his own business. The Internal Revenue Service audited his 2021 income-tax return. There were some small mistakes. The amount due was paid.

IRS Tax Updates

News

07.02.2024

Bryant University Launches Gen AI Chatbot for Community Engagement

Students, faculty, and staff at Bryant University have a new resource for accessing information, receiving guidance, and keeping up with campus events.

AI Digital

News

06.21.2024

IRS to Reject Billions of Dollars in ‘Improper’ ERC Claims

The IRS will deny billions of dollars’ worth of claims for a pandemic-era tax break while working to process lower-risk filings.

ERC IRS News

News

05.31.2024

Do businesses take aggressive tax positions when IRS budget declines?

Companies take IRS budgets into consideration when developing their year-to-year tax strategies and take more aggressive tax positions when IRS budgets are smaller,\

IRS News Tax Updates

News

04.25.2024

IRS Forms Alternative Dispute Resolution Office

The IRS has formed a unit that aims to make it easier to quickly resolve tax disputes without litigation, an effort that will include more outreach on avenues available to taxpayers.

IRS News Tax Updates

News

04.22.2024

How CPAs Can Compete in the AI Race

Here are a few principles every CPA firm can leverage to successfully compete with all firms in this dawning AI technology wave.

AI

News

02.01.2024

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

IRS News

News

01.02.2024

Taxpayers Concerned About Fraudulent ERC Claims Must Act Now

While Covid-19 relief appropriations pulled many businesses from the brink of demise, an onslaught of associated fraud has come to the surface, especially regarding claims for the employee retention credit.

ERC

News Leadership Insights

11.09.2023

IRS Warns Employers About This One Tactic to Claim Pandemic Tax Credit

A lot of federal money is riding on what counts as a government order, and the Internal Revenue Service and tax firms are preparing for legal fights about that crucial definition.

Tax Incentives

News

10.16.2023

IRS uses IRA funds to bridge tax gap

The Internal Revenue Service is trying to leverage the extra billions in funding from last year’s Inflation Reduction Act to narrow the ever-increasing gap between taxes due and taxes collected, but has spent surprisingly little of the money so far.

IRS News