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How the IRS Works

The IRS or Internal Revenue Service handles taxes. Learn about the history of the IRS and how it enforces taxes. ....

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Eleven of the IRS's Enforcement Priorities During the 2021 Tax Season | Oberheiden P.C.

Fake refunds with repayment demands
Payroll and human resources (HR) scams
Ransomware
Cannabis
With more states making the push to decriminalize or legalize recreational marijuana, the IRS has provided guidance for companies involved in the legal marijuana industry. This guidance makes clear that companies must strictly comply with all pertinent provisions of the IRC the federal prohibition on selling marijuana (which is still classified as a Schedule I controlled substance) notwithstanding.
As companies flock to the United States’ burgeoning legal marijuana industry, the IRS is paying close attention to these companies’ annual filings. As a result, companies involved in any aspect of the industry, from cultivation to retail sale, must be careful to ensure that they comply with all relevant federal (and state) tax requirements. ....

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