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The service has been working hard to implement the dozens of tax provisions contained in last year's Inflation Reduction Act, according to a new report.
October 5 -
On his way to law school, Jimmy Chilimigras broke an eight-year record by becoming the youngest student ever to pass the CPA exam.
July 11 -
Global corporations are hoping to fend off requirements for reporting on the amount of taxes they pay in each jurisdiction, while regulators are moving forward cautiously with imposing such rules.
June 29 -
The IRS is providing penalty relief to billion-dollar corporations that haven't paid estimated taxes related to the new 15% corporate alternative tax.
June 7 -
A pair of lawmakers proposed to raise the required threshold for reporting on gig payment transactions from $600 to $10,000.
May 19 -
Commissioner Werfel defended the IRS's budget before Congress after House Republicans passed a bill that would eliminate much of its extra funding.
April 27 -
House members introduced legislation to enable actors, musicians and other types of performers to write off their work-related expenses.
April 19 -
The Internal Revenue Service and the Treasury Department issued a notice offering a safe harbor for the deed language in charitable conservation easements.
April 10 -
Billions of dollars available — through subsidies and tax credits — to promote the production and purchase of electric vehicles.
April 3 -
The majority of the service's extra funding from the Inflation Reduction Act is currently dedicated to improving tax enforcement to collect more revenue.
March 30