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Weekly IRS Roundup October 16 – October 20, 2023 | McDermott Will & Emery

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 16, 2023 – October 20, 2023.

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IRS Says Focus On Millionaires And Large Corporations Is Paying Off, Talks Next Steps

These efforts are focused on millionaires taxpayers with more than $1 million in income and more than $250,000 in recognized tax debt.

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IRS Launches New Initiatives Using Inflation Reduction Act Funding to Ensure Large Corporations Pay Taxes Owed, Continues to Improve Service and Modernize Technology with Launch of Business Tax Account

IRS Launches New Initiatives Using Inflation Reduction Act Funding to Ensure Large Corporations Pay Taxes Owed, Continues to Improve Service and Modernize Technology with Launch of Business Tax Account
marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.

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IRS Targeting Wealthy Citizens in New Compliance Initiatives

IRS Targeting Wealthy Citizens in New Compliance Initiatives
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IRS Strengthens Its Large Partnership Audit Teams

Back in October 2021, the Internal Revenue Service’s (IRS) Large Business and International (LB&I) division announced the Large Partnership…

Revenue serviceLarge partnership complianceInternal revenue serviceLarge businessLarge corporate complianceInflation reduction actPass through entityInternal revenue code sectionAw firmsAw updatesEgal updatesEgal developmentsAw developmentsEgal newslettersEgal current awarenessEgal advisers