E-Filing Patch to ‘Mailbox Rule’ Growing in Popularity
A proposal to prevent taxpayers from being hit with late penalties when payments and documents are submitted electronically on or …
The Potential of AI in Tax Practice Relies on Understanding its Limitations, Experts Say
Curiosity, conversation, and investment into artificial intelligence are quickly gaining traction in the tax community, but proper due diligence requires …
Senator Asks IRS for Status Update on Employee Retention Credit Backlog
New York Democratic Senator Kirsten Gillibrand has asked the IRS commissioner to provide information on the current state of the …
IRS Proposes to Amend Final Regs on Interests in Life Insurance Contracts
The IRS has proposed amending its final rules on interests in life insurance contracts to provide guidance on how the …
IRS Official: Voice, Chat Bots Continue to Streamline Service
About a year into the full launch of IRS chat and voice bots designed to answer taxpayer questions and encourage …
Collection Notices to Gradually Resume, IRS Announces
Correction, May 9, 2023: A previous version of this story incorrectly stated that CP14 Notices were suspended during the COVID-19 …
Senate Democrats Blast House GOP Debt Bill
Senate Democrats pressed Republicans on the debt ceiling stalemate May 4 in a Senate Budget hearing on what they say …
Senators Question IRS Preparedness for Tax Scams Generated by ChatGPT
A bipartisan group of Senate Finance Committee members is raising concerns with the IRS over potential use of artificial intelligence …
Name, Image, & Likeness Revisited: Where We Are Now
The collegiate sports landscape has evolved in the two years since student-athletes have been able to enter into name, image, …
Bennet Urges IRS Not to Tax Future TABOR Payments
Senator Michael Bennet, the chair of the U.S. Senate Finance Committee’s Subcommittee on Taxation and IRS Oversight, is asking IRS …