Werfel Notes ERC Process as Example of Digital Return Filing/Processing Benefits
IRS Commissioner Daniel Werfel’s April 16 testimony before the Senate Finance Committee on the tax filing season and IRS budget illustrated …
IRS Updates Clean Vehicle Credit FAQs
The IRS has revised its FAQs that provide guidance to taxpayers seeking to claim tax credits for new or previously …
IRS Releases Digital Asset Draft Form
The IRS on April 19 made available an early release draft of the information return for reporting digital asset transactions …
TIGTA: IRS Has Mixed Success With Enforcement of ‘Ghost Employers’
The IRS’ criminal investigation processes for identifying and examining a certain group of noncompliant employers are currently more effective than …
Senate Report: Scam Victims Harmed by Casualty, Theft Loss Deduction Change
The Senate Special Committee on Aging published a report with its findings from an investigation into how the elimination of …
Senators Question IRS Commissioner on Spending, Budget
The Senate Finance Committee heard from IRS Commissioner Danny Werfel about how the agency spent $80 billion in funding this …
IRS 2024 Tax Filing Season; Expands Services on Phones, In-Person and Online
The IRS highlighted a variety of improvements that expanded service for millions of taxpayers during the 2024 filing season. (IR …
Despite Passing Tax Bill, House Dems, Reps Disagree on Path Forward
While the bipartisan tax bill awaits action in the Senate, two House committees held hearings last week debating the merits …
R&D Expert: Capitalization, Amortization Requirement Hurts Smaller Businesses
An unpopular provision of the 2017 tax reform bill that disallows immediate expensing of research and development costs has created …
FCC Starts ‘Spring Cleaning’ by Quashing Fake Tax Relief Robocalls
The Federal Communications Commission’s Enforcement Bureau launched a “Spring Cleaning” initiative to crack down on harmful robocalls and phone scams, …