Tax

The service is using the extra funding it received from the IRA to audit big, complex partnerships using data analytics and other technology tools, while working on hiring more experienced accountants.

The Internal Revenue Service will be adding extra procedures to deter scammers who have been inundating the agency with bogus claims for the Employee Retention Credit.

Lawyers and federal prosecutors came to an agreement during the hearing to limit the plea deal to apply to only tax crimes, drug offenses and a firearm violation between the years 2014 to 2019.

The service is offering a program to speed up processing of requests for letter rulings from its associate chief counsel, mostly on behalf of corporations.

AI and the IRS; the 1099-DA; your best banking products; and other highlights from our favorite tax bloggers.

The reprieve at the beginning of 2023 was temporary — and nothing has been done to fix the long-term issue.

The crackdown on the potentially listed transactions could bring stiff penalties to both clients and tax advisors.

TIGTA said the IRS does an admirable job addressing cyberthreats, but should improve its documentation of them.

The Senate Finance Committee is questioning whether the sum from Leon Black amounted to gifts for which the private equity leader owes taxes.

The service is stopping most unannounced visits to taxpayers' residences and businesses after a rising number of threats has put its employees' safety at risk.