Tax

Taxpayers who receive CP2000 notices can now get help from bots for basic questions, rather than having to wait for a rep.

From more agents to the deployment of AI, the service is directing resources where the money is.

A recent report said the service needs to improve its reviews of suspicious cyber activity and strengthen separation of duties.

As inflation continues to rise, the service is increasing some, but not all, of the special per diem rates for expenses while traveling.

The first half of 2023 saw a flurry of state and local changes, with governments relying more on indirect taxes as borrowing becomes more expensive and the cost of providing programs increases.  

The IRS says taxpayers in Maine and Massachusetts who were hit by the hurricane now have until Feb. 15 to file and pay some taxes.

The would-be Republican candidate is proposed eliminating the state and local tax deduction entirely, among other things.

The service is developing a contingency plan that may involve cutbacks if Congress can't reach a deal.

LBMC and Wilkin & Guttenplan both announce next managing partners; CohnReznick names cannabis industry practice leader; and more news from around the profession.

The proposed regulations define a digital asset as any digital representation of value that is recorded on a cryptographically secure distributed ledger or any similar technology.