IRS

A new deal would up the thresholds of what triggers reporting to the IRS, according to a key House Democrat.

Certain high-value refunds and credits get sent to the JCT for review.

The service also noted that it would always notify taxpayers that their accounts are going to collections.

Tax rates since WWII; OZs and 5G; Intuit and Mailchimp; and other highlights from our favorite tax bloggers.

The Internal Revenue Service mailed out nearly 90,000 premature notices and demands for overdue taxes to taxpayers last year, even though the filing date had been extended.

The measure could be used to pay for a modification of the cap on the federal deduction of state and local taxes.

Lawmakers proposed bipartisan legislation in the Senate to allow the Internal Revenue Service to postpone filing deadlines when a state-level disaster declaration is issued, rather than waiting for the federal government.

Buyback fallacy; change proposed for quarterly taxes; solidifying client relationships; and other highlights from our favorite tax bloggers.

Taxpayers and tax professionals in some Western states will need to begin using a new mailing address.

The high inflation amounts that households and businesses have been experiencing this year are likely to lead to larger increases in tax brackets and other inflation-adjusted tax items in 2022.

The uber-rich are already using a trick to avoid paying the higher taxes proposed by Democrats, but it won’t work for the moderately.

The service is reminding taxpayers that they can pay for at-home tests with their FSAs, MSAs, and Archer MSAs.

The IRS's strategy for examining claims for the Earned Income Tax Credit are falling short, according to a new report.

The service warned Thursday of an issue that’s affecting business taxpayers who need transcripts for requesting COVID-19 employment tax relief.

Guidance in Notice 2021-53 from the IRS will help employers with the ‘Instructions for Employee’ and other statements.

Assessing the delays; myths about preparers;the numbers behind the season;and other highlights from our favorite tax bloggers.

Unprocessed paper-filed business returns jumped from 239,285 to 7.9 million.

The IRS is giving those affected by recent wildfires and floods extra time to file.

The service has issued Notice 2021-52 with special per diem rates that take effect Oct. 1, 2021.

The founder of Renaissance Technologies and his colleagues will pay billions to resolve one of the biggest tax disputes in U.S. history.