IRS

After a pause during COVID, experts predict an increase in tax controversies.

The American Families Plan includes provisions that would expand Internal Revenue Service oversight of tax preparers.

The updated early draft versions will be used by pass-through businesses to report foreign tax information.

The 10-year plan would ramp up federal support for American families, with a major expansion in spending on child care, paid leave and education.

The Internal Revenue Service is increasing the inflation-adjusted amounts of the Child Tax Credit and Earned Income Tax Credit for this year in accordance with the latest coronavirus relief package.

Planning for increases; this year’s bumps; better notes in meetings; and other highlights from our favorite tax bloggers.

The Internal Revenue Service could be doing more to track unreported income flowing through popular peer-to-peer apps like Venmo and Zelle.

The Internal Revenue Service is holding up millions of tax refunds for manual processing and its systems were unable to process many of the quarterly payments that needed to be sent by April 15.

The IRS and the Treasury Department are giving small businesses that received Paycheck Protection Program loans in the first round a way to deduct expenses they couldn’t claim last year.

Unfairness in the Tax Code; implementing inclusion; the stimulus and 2021 returns; and other highlights from our favorite tax bloggers.

Increasing funding for the IRS enforcement efforts could yield enough to pay for reinstating the full deduction.

The Internal Revenue identified more than 4,500 fraudulent tax returns using an inmate’s Social Security Number in 2019, claiming refunds totaling over $14 million.

The Internal Revenue Service is suspending a requirement for taxpayers who received too much on their advance payments for the Premium Tax Credit last year to repay the excess amount.

Dixon Hughes Goodman wants the IRS to provide relief for businesses that are eligible for the 2020 ERC when the tax refunds haven’t yet been received.

A Houston tax attorney was charged with helping his client hide $225 million from the IRS, according to the Justice Department.

The Internal Revenue Service is providing penalty relief for an employer’s failure to deposit employment taxes with the IRS on a timely basis.

Commissioner Charles Rettig left open the possibility that there may be delays.

The service offered information on how to elect to apply an overpayment on 2020 taxes against Q1 2021 estimated taxes, which are still due on April 15.

The new figure for the tax gap is multiples higher than previous estimates from the federal government.

Cash for enforcement; lessons in fraud; when a deduction isn’t a subsidy; and other highlights from our favorite tax bloggers.