IRS

Among other things, they may unintentionally snare mutual funds, an expert testifies.

The service will postpone the lower threshold, but will phase in a threshold of $5,000 for tax year 2024.

Five types of return are projected to increase in volume by more than 45% in FY 2023.

The Treasury and the IRS issued laid out possible regs to update the investment tax credit rules to encompass various forms of renewable energy.

The regulations address new subsections of the law from the SECURE 2.0 Act.

Rajiv Uppal will begin assisting with the agency's transformation work in early 2024.

Democratic lawmakers want the service to look into the possible abuse of tax breaks on the island.

IFAC and FASB both appoint and reappoint board members; RSM raises $4.7M for nonprofits via Power of Love program; and more news from across the profession.

Thanks to the lower threshold, the service expects to receive about 44 million 1099-Ks in 2024, up from about 14 million.

The big AI question; staff pay; sourcing nonresident income; and other highlights from our favorite tax bloggers.