IRS

The Treasury wants to curb the use of some types of transactions by listing them as potentially abusive tax dodges.

The Internal Revenue Service hopes to process all of the tax correspondence, notice responses and nontax forms it receives digitally in the next two years.

Several tax lawyers said agents may have gone too far by looking for crimes in transactions that promoters promised were permissible under a 2011 tax treaty.

The Treasury Department is trying to modernize the badly outdated agency in a bid to improve customer service and ramp up enforcement.

Little steps with tech; getting rid of clients; cuts and holidays; and other highlights from our favorite tax bloggers.

Revenue Ruling 2023-14 clarifies the rules around what exactly counts as income for certain crypto-activities.

Basis Climate introduced a digital exchange where companies can buy and sell renewable energy tax credits like the kind offered under the Inflation Reduction Act.

With the IRS cracking down, knowing when and how clients can claim the credit — and when they can't — is critical.

David Padrino will be spearheading many of the slated improvements funded by the IRA.

Tax experts testified during a hearing about the Employee Retention Credit and the issues they and their clients are facing.

The service is using the extra funding it received from the IRA to audit big, complex partnerships using data analytics and other technology tools, while working on hiring more experienced accountants.

The Internal Revenue Service will be adding extra procedures to deter scammers who have been inundating the agency with bogus claims for the Employee Retention Credit.

The service is offering a program to speed up processing of requests for letter rulings from its associate chief counsel, mostly on behalf of corporations.

AI and the IRS; the 1099-DA; your best banking products; and other highlights from our favorite tax bloggers.

The reprieve at the beginning of 2023 was temporary — and nothing has been done to fix the long-term issue.

The crackdown on the potentially listed transactions could bring stiff penalties to both clients and tax advisors.

TIGTA said the IRS does an admirable job addressing cyberthreats, but should improve its documentation of them.

The service is stopping most unannounced visits to taxpayers' residences and businesses after a rising number of threats has put its employees' safety at risk.

A new notice offers relief for foreign taxes paid during tax years 2022 and 2023.

The service is seeing a surge of scams hitting taxpayers via email and text messages touting tax refunds and quick fixes to their tax problems.