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Pandemic-Related Employee Retention Credits: Increasing IRS Scrutiny and Related M&A Considerations | Kramer Levin Naftalis & Frankel LLP

The IRS continues to focus on combating perceived fraudulent claims relating to the COVID-19 pandemic-era Employee Retention Credits (ERCs). On Oct. 19, the IRS announced a special. ....

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IRS Says Agents Will Mostly Stop Making Unannounced Visits to Taxpayers

In what it called a “major policy change,” the Internal Revenue Service said Monday that its agents will largely stop making unannounced visits to taxpayers’ homes, reversing a decades-long practice that had revenue officers turn up unexpectedly to collect unpaid taxes and unfiled tax returns. The change is part of a larger strategic operating plan meant to transform the agency using funding from last year’s Inflation Reduction Act. The agency last week announced improved metrics for taxpayer se ....

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Playbook PM: Biden threatens veto on GOP spending bills

And Washington reacts to Israel's judicial reform bill vote. ....

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The top retirement states and places where cars outnumber people

The top retirement states and places where cars outnumber people
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Tax prep sites share users' personal data

About 10 million people type their personal financial information into H&R Block, TaxSlayer and TaxAct websites every year to prepare their taxes, trusting the companies to keep their information safe. Instead, the companies shared that personal information with Google and Facebook, some going as far back as 2011, members of Congress wrote in a new report. ....

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