IRS

As inflation and interest rates spiral upward, the service is increasing its interest rates for the third quarter of the year.

Over one-fourth of the nearly 1,700 cases were violations that usually led to employees being suspended, fired or resigning.

While it still wasn’t good, a study by the NATP found that some tax preparers’ worst fears didn’t materialize.

The service is being asked to provide more information about the race, ethnicity and sex of taxpayers but is facing legal restrictions, according to a new report.

A group of Democrats has asked the commission to investigate whether the identity verification company illegally misled consumers and government agencies.

Congress gave billions of dollars in tax credits to employers, but now the IRS needs to step up its compliance efforts, according to a GAO report.

Biggest practice blunders; yet another reason to raise taxes; the court looks back; and other highlights from our favorite tax bloggers.

The Internal Revenue Service has been auditing fewer taxpayers since 2010, according to a new report, but audit rates have been plunging the most for higher-income taxpayers.

They are pushing to help truckers, Uber and Lyft drivers, and other transportation businesses as they struggle with soaring gas prices.

The IRS is easing deadlines for those impacted by wildfires and straight-line winds since April 5.

The service is coming under criticism for destroying an estimated 30 million paper-filed information returns, with one lawmaker even calling for the IRS commissioner to be replaced immediately.

International tax officials have identified more than 50 leads to potential crypto tax crimes that may lead to official investigations.

A research note from Barclays paints a picture of an exploding new industry that the IRS is struggling to hold to account. 

What to change; cash flow forecasting; the sales tax paradox; and other highlights from our favorite tax bloggers.

The service will be opening some Taxpayer Assistance Centers around the country this weekend.

The service decided to destroy the documents in March 2021 because of its inability to process its backlog of paper tax returns, according to a new report.

Over 30,000 extra taxpayers may now qualify because of a provision of the American Rescue Plan Act that expanded eligibility.

The service faces challenges that are holding back efforts to process both last year’s and this year’s tax returns, according to a new report.

The service plans to migrate its online services for tax pros to ID.me this summer, despite congressional objections to the authentication company.

Corralling social media; federal tax outlook; the cannabis business; and other highlights from our favorite tax bloggers.