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Auditors were only able to recoup about 39 percent of the more than $4 billion in unpaid taxes owed by a group of rich taxpayers with an average annual income of nearly $1.6 million.
March 15 -
Senator Elizabeth Warren said IRS funding should be bolstered so the richest Americans get audited about once every three years as part of her proposed 2 percent annual tax on wealth in excess of $50 million.
March 3 -
House Democrats are proposing two pieces of legislation that would also provide more funding for the Internal Revenue Service.
February 18 -
Claims for the R&D tax credit may be coming under closer scrutiny from the IRS.
February 10KBKG -
The Internal Revenue Service hasn’t been pursuing cases involving hundreds of billions of dollars in income from individuals and businesses whose income has been showing up in Form 1099-K information returns, but has been otherwise unreported.
January 5 -
The enforcement push comes after years of persistently low examination rates.
November 19 -
But the IRS would need more resources, writes Natasha Sarin, an assistant professor of law at UPenn.
November 17 -
Practitioners share their expectations around the potential for more action from tax authorities.
November 17 -
The service is working to identify 9 million individuals who haven't filed a return.
November 17 -
The Internal Revenue Service is offering less generous settlement terms to participants in micro-captive insurance schemes as part of its clampdown on the transactions.
October 22