IRS

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.

A new initiative called Operation Hidden Treasure is only the latest in the service’s approach.

Even though IRS employees making compliance determinations are bound to apply the tax law fairly to all taxpayers, it’s not unusual for a taxpayer and the IRS to disagree about the proper application of the law.

Rep. Lloyd Smucker's legislation is in line with a request from accounting and tax professional groups.

Security experts are seeing a rise this tax season in phishing schemes and malware tied to hot-button subjects like tax refunds, stimulus payments and COVID-19 vaccines.

The IRS announces several leadership appointments; Prager Metis expands in South Florida with Miami office and managing principal; and more CPA news.

Douglas O'Donnell will serve as deputy commissioner of services and enforcement, among other changes.

Notice 2021-25 offers details on a provision of the COVID-19 relief package from last December that allows a temporarily larger deduction.

States that pass tax cuts to conform with recent federal tax changes won’t run afoul of a rule that says states can’t use federal stimulus funding to pay for cuts.

NCCPAP’s Stephen Mankowski shares details from the service on filing date extensions and more.

The Treasury and the IRS have sent out roughly 156 million payments to people, totaling roughly $372 billion.

The breaks on COBRA and unemployment; are you a good leader?; Boomer on the workplace of the future; and other highlights from our favorite tax bloggers.

10 Bank of America boxes in San Francisco and Connecticut that are already closed will stop forward mail.

The highest median potential unclaimed refunds are in New Hampshire.

Concerned that tax rates and IRS bills may rise under Biden, wary advisors note that Roth plans are not just for younger investors.

The Internal Revenue Service is mailing letters to taxpayers explaining why they may not be getting as much of a Recovery Rebate Credit as they were expecting on their taxes.

The service intends to take steps to automatically refund money starting in May and continuing through the summer.

The service released a FAQ to explain how students and universities should report emergency financial aid grants related to the pandemic.

Estimates suggest that the total of the net operating loss refunds may eventually top $25 billion.