IRS

The National Society of Accountants has sent a letter asking the IRS to speed up the refunds for 2019 and 2020 tax returns and communicate better.

Coming brackets; rising expatriations; meeting behavior and aftermaths; and other highlights from our favorite tax bloggers.

The former bankers have told criminal investigators the bank is still helping U.S. clients hide accounts, even after paying $2.6 billion in penalties and promising to stop the practice.

U.S. legislation designed to protect trillions in assets from chaos when global regulators phase out the interest-rate benchmark Libor is being held up in the House.

Just 1,275 families paid $9.3 billion in estate tax in 2020, down from $20 billion from nearly 5,500 families in 2018.

The service seized $3.5 billion worth of cryptocurrencies during fiscal 2021, according to an IRS criminal investigation annual report

A bipartisan group of lawmakers wants to alter who counts as brokers of crypto assets, less than a week after the current designation became law.

The advisory group’s annual report supports the IRS’s 2022 budget request.

The Internal Revenue Service posted a series of videos to explain how taxpayers can steer clear of scammers who claim to be able to help them with their tax debts while charging exorbitant fees and making outrageous claims.

The Internal Revenue Service is strengthening the identity verification and sign-in process for its online self-help tools after a number of high-profile data breaches.

Keeping your peeps; Better’s economic impact; new to us; and other highlights from our favorite tax bloggers.

The service has increased the number of transcripts that tax professionals can order per client to 30, up from 10 previously.

New guidance on the temporary 100% deduction is available in Notice 2021-63.

The service agreed to ease its policies for low-income taxpayers who are trying to settle their tax debts and still get tax refunds.

Legislators are anticipating the Congressional Budget Office projections, which will be released by Friday.

The tool will help U.S. withholding agents comply with their reporting and withholding responsibilities with Form 1042-S.

The service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals.

The backlog of unprocessed returns has prompted the TAS to reject requests for assistance where the only issue involves amended returns.

The service released its annual inflation adjustments Wednesday, including the standard deduction amount for individual and married taxpayers.

A major IRS enforcement boost will likely be omitted from a forthcoming top-line revenue estimate of Democrats’ tax-and-spend package.