IRS

The IRS has the expertise to enforce President Joe Biden’s proposal to tax the unrealized gains of mega-millionaires and billionaires, Senator Elizabeth Warren contended in the face of criticism over the workability of a proposal she strongly supports.

An interesting state survey; Bozo moments; the importance of portals; and other highlights from our favorite tax bloggers.

The Internal Revenue Service has contracted with Ripcord, a startup company that does robotic digitization of documents and records, to pilot test a program to digitize filings of Form 709.

Taxpayers can get assistance at many centers this April 9.

The Internal Revenue Service initiated a temporary change in policy Monday for U.S. residency applications for the next two years.

Despite offering less in the way of legal protections, the service uses lien foreclosures more often, according to a TIGTA report.

A district court has vacated IRS Notice 2016-66, which designated micro-captive insurance arrangements as “transactions of interest,” and thus reportable.

Backlogs at the IRS and bearing bad news can be challenging, but it’s no more than preparers expected.

The service has been auditing the poorest wage earners more than higher-earning taxpayers, according to an updated report.

The NTA issued a directive calling on the service to implement scanning technology as a way to reduce the backlog of unprocessed tax returns by 2023.

Return of an audit; transforming tax proposals; virtual guidance; and other highlights from our favorite tax bloggers.

The service had denied deductions for eco-friendly model home because of occasional personal use by the owners.

Investors and their CPAs need to be aware of the depreciation rules that apply to the short-term rental market.

New rules from the IRS around required minimum distributions address changes from the SECURE Act.

The Internal Revenue Service is suspending a number of notices it usually mails to tax-exempt organizations and governmental entities when it’s missing their tax returns, citing the pandemic and the IRS’s own backlog of unprocessed tax returns and correspondence.

The Internal Revenue Service updated its frequently asked questions page on how tax professionals should deal with the third round of Economic Impact Payments for their clients.

Over three-quarters of the audits conducted by the Internal Revenue Service under its centralized partnership audit regime resulted in no change in taxes, according to a new report.

The IRS warned Friday of a fast-approaching deadline for $1.5 billion in unclaimed tax refunds for 2018, which need to be claimed before the mid-April tax deadline.

And as many as 644,000 eligible taxpayers may not have gotten their checks, according to a new TIGTA report.

Despite ongoing challenges, your practice's busy season doesn’t need to be a disaster.