• GAO Reviews IRS Budget Challenges

    The Internal Revenue Service’s fiscal year 2015 appropriation of $10.9 billion and staffing levels of 81,279 full-time equivalent employees continue a decline that has occurred over several years and are now below fiscal year 2009 levels, according to a new government report. Read more »

  • Senate Report Blames Tax Pros for Unfair Tax Code

    Democrats on the Senate Finance Committee released a new report Tuesday, “How Tax Pros Make the Code Less Fair and Efficient: Several New Strategies and Solutions,” in conjunction with a hearing on “Fairness in Taxation.” Read more »

  • Relief Offered to Farmers and Fishermen Who Missed March 2 Deadline

    The IRS said Monday that farmers and fishermen who miss this year’s March 2 tax deadline because they are receiving corrected premium tax credit forms from the health insurance marketplace will have until April 15, 2015, to file their 2014 returns and pay any tax due. Read more »

  • Tax Refunds Hit $125 Bn

    The IRS has issued nearly 40 million tax refunds worth almost $125 billion for this season as of February 20. Read more »

  • FATCA International Data Exchange Gateway Opened

    The Internal Revenue Service’s Large Business & International division has opened a gateway that financial institutions and the tax authorities abroad can use to send information on financial accounts held by U.S. taxpayers in accordance with the Foreign Account Tax Compliance Act. Read more »


Subscribe to the Tax Pro Today newsletter
Register now for FREE site access and more