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The dispute centers on a 2012 IRS audit into transfer pricing, a method used to shift profits to tax havens and avoid the U.S. corporate tax rate.
October 12 -
From more agents to the deployment of AI, the service is directing resources where the money is.
September 26 -
The service is establishing a group within its Large Business and International division to bolster tax compliance at large partnerships and S corps.
September 20 -
The service said Monday it plans to lower its audit rate of low-income taxpayers, even as some criticize its ability to protect taxpayer information.
September 18 -
The new positions, which will be in more than 250 locations, will help ramp up compliance efforts against high-income earners, partnerships, large corporations, and promoters.
September 18 -
The service will need to tread carefully with how it uses artificial intelligence amid growing questions about the reliability of the technology.
September 11 -
Following a top-to-bottom review of enforcement efforts, the agency is shifting more attention from working-class taxpayers to high-income earners, partnerships, large corporations and promoters of abusive tax shelters.
September 8Wolters Kluwer Tax & Accounting North America -
The Internal Revenue Service is leveraging artificial intelligence to detect tax evasion as it uses the extra funding from the Inflation Reduction Act to ramp up compliance efforts.
September 8 -
The IRS is starting to get more interested in who prepared a claim for the Employee Retention Credit.
September 5 -
The service's LB&I Division has expertise in training agents on examining high-income taxpayers, but the IRS doesn't appear to be leveraging this expertise.
September 5