IRS

The service is warning taxpayers to be on the lookout for charity fraud as accountants look to advise clients on how to detect and avoid fraud.

Sanctions list; getting out of the Market; why oh Y; and other highlights of recent tax cases.

ERC red flags; moving to the cloud; security and the holidays; and other highlights from our favorite tax bloggers.

The lower 1099-K threshold will produce millions more forms to be sent to taxpayers, and may prompt many to abandon online marketplaces and gig economy jobs.

A short window won't necessarily stop lawmakers from proposing or introducing new legislation, though — if only to position themselves ahead of next November's election.

The service is conducting a random survey of practitioners Nov. 27-Jan. 19.

Bumping the 1099-Ks; nonsensical language; showing your appreciation; and other highlights from our favorite tax bloggers.

The annual IRS announcement could affect certain clients seeking to avoid bumping up against higher rates when they file their federal income taxes.

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.

Commissioner Danny Werfel and Taxpayer Advocate Erin Collins discussed the enhancements the IRS has been making thanks to the additional billions of dollars of funding.

The service's decision to destroy around 30 million unprocessed paper information returns to reduce its backlog during the pandemic probably had little effect on taxpayers, according to a new report.