Taxes September 29, 2023
IRS’s Government Shutdown Plans Include Furloughs and Few Services
Contingency plan calls for the IRS to furlough two-thirds of its workforce and press pause on most core tax administration functions.
Taxes September 28, 2023
AICPA Asks IRS to Release Contingency Plan in Case of Government Shutdown
The letter goes on to express concern that an October shutdown of the government will likely impact the timely processing of extended 2022 tax returns due by Oct 16, 2023.
Taxes September 28, 2023
Ways and Means Votes to Release More of Hunter Biden’s Tax Documents
The House panel voted along party lines to disclose additional documents related to the probe into the president's son's taxes.
Taxes September 28, 2023
Two Found Guilty in $1.3 Billion Conservation Easement Scheme
Jack Fisher and James Sinnott designed, marketed and sold to high-income clients abusive syndicated conservation easement tax shelters based on fraudulently inflated charitable contribution tax deductions, promising them deductions 4.5 times the amount the taxpayer clients paid.
Taxes September 26, 2023
IRS Rolls Out New Chatbot Feature for Certain CP Notices
Chatbots will be used to help answer basic taxpayer questions about three notices in the CP series, the IRS said on Tuesday.
Taxes September 26, 2023
IRS Updates 2023-2024 Per Diem Rates for Business Travelers
Taxpayers can use the special per diem rates to substantiate the amount of expenses for lodging, meals, and incidental expenses.
Taxes September 25, 2023
IRS Gives Tax Relief to Those Affected by Hurricane Lee in Massachusetts and Maine
All individuals and business owners in these two states now have until Feb. 15, 2024, to file their returns and make tax payments.
Taxes September 20, 2023
IRS Establishing New Unit to Crack Down on Tax Dodging by Pass-Throughs
Group within LB&I will be tasked with holding large partnerships and other pass-throughs accountable on tax compliance.
Taxes September 18, 2023
IRS Looks to Hire 3,700 Agents to Pursue Wealthy Tax Dodgers
The agency is ramping up compliance efforts against high-income earners, partnerships, large corporations, and promoters.
Taxes September 18, 2023
Hunter Biden Sues IRS Over Tax Disclosures by Agency Employees
The son of President Joe Biden alleges that so-called IRS whistleblowers illegally disclosed information about his taxes.
Taxes September 15, 2023
IRS Proposes Tweaks to R&D Tax Credit Form
Stakeholders have until Oct. 31 to provide feedback on the proposed changes to Form 6765 the IRS unveiled on Friday.
Taxes September 15, 2023
IRS Looks to Provide Businesses with More Tax Certainty and Issue Resolution Tools
The IRS included this initiative in its Strategic Operating Plan, which outlines how it will use funding from the Inflation Reduction Act.