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Internal Revenue Service Newsletter
  • IRS plans to more than double its audit rate of wealthy taxpayers 03 May 2024 20:21 GMT

    … BY WEALTHY AMERICANS, CORPORATIONS The Internal Revenue Service building in Washington, D.C … the estimated $600 billion tax gap. IRS LOOKS TO HIRE 3,700 … CRACK DOWN ON WEALTHY TAX CHEATS The IRS said it plans to …

  • The IRS says audits are about to surge — here’s who’s most at risk 03 May 2024 17:48 GMT

    The Internal Revenue Service said it plans to sharply … to modernize the IRS’s antiquated computer systems, improve taxpayer services and … deteriorated taxpayer service and tax enforcement, frustrating taxpayers, the tax community and IRS employees alike,” IRS …

  • Former Wise County man sentenced for income tax-related fraud 03 May 2024 18:42 GMT

    … $484,187.57 to the IRS and several of his small … the money over to the IRS.  Instead, he kept this money … remitting employment tax to the Internal Revenue Service for its clients.  Employment tax consists of …

  • Does Deltona have a $1 million IRS bill? 03 May 2024 18:08 GMT

    … . Internal Revenue Service for penalties regarding erroneous paperwork on health insurance in tax filings … owe the IRS a million dollars. That’s not a tax bill … —    Mayor raps gavel    Vice Mayor “IRS issue in —“   Mayor raps gavel …

  • IRS says it will boost audits on wealthy, address racial disparities 03 May 2024 17:50 GMT

    … The Internal Revenue Service said it is planning to clamp down on tax cheating … to staffing issues at the IRS. The audit rate of millionaires … Department found that IRS data-driven algorithms selected Black taxpayers for auditing …

  • Opinion: IRS Starts Business Jet Usage Audits 03 May 2024 16:41 GMT

    … here to help you.” The Internal Revenue Service (IRS), however, does not say … the radar on tax responsibilities.” The IRS went on to … partnerships and high-income taxpayers. It also will focus … ” letter acknowledging that your tax returns were proper. Aircraft …

  • Court orders sealing of Abuja Company over tax default  03 May 2024 16:38 GMT

    … ordered the Federal Capital Territory Internal Revenue Service (FCT-IRS) to seal a company … 81 of the Personal Income Tax Act, LFN, 2004, and … that would be prosecuted for tax-related offences. He said the … 81, of the Personal Income Tax Act, laws of the …

  • US updates EV tax credit rules, enabling more electric cars to be eligible 03 May 2024 19:28 GMT

    … the Treasury and Internal Revenue Service (IRS) updated the EV tax credit rules … Department of the Treasury and Internal Revenue Service (IRS) announced the final rules … keep access to the tax credit until 2027 as … are eligible to the tax credit. More EVs are …

  • IRS Says Audits Are About to Surge, and Shares Who Will Be Targeted 03 May 2024 17:03 GMT

    … been initiated, and the Internal Revenue Service (IRS) confirmed tax refunds are en route if … . "The IRS conducts tax audits to minimize the 'tax gap,… the scenario taxpayers are currently seeing playout in the IRS' Strategic …

  • IRS unveils major changes in new 18-month plan 03 May 2024 18:05 GMT

    The Internal Revenue Service (IRS) has announced major changes … its employee tools to help taxpayers. The changes, planned for … , which shows how the IRS is using resources made available … Act to deliver changes benefiting taxpayers. The report was released …

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