IRS update: Boosting alternative dispute resolution, and more
The decline in taxpayers taking advantage of the ADR process was a major topic at a recent IRS meeting.
Source: accountingtoday.com
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Weekly IRS Roundup January 1 – January 5, 2024 | McDermott Will & Emery
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 1, 2024 – January 5, 2024.
Source: jdsupra.com
IRS Announces Next Steps In Plans To Focus On Pass-Throughs, Including Complex Partnerships
The IRS has announced plans to establish a special pass through organization to focus on large or complex pass-through entities.
Source: forbes.com
IRS will pursue 1,600 millionaires who owe back taxes, promising 'sweeping and historic changes'
The Internal Revenue Service is coming after hedge funds, large law firms, partnerships and more millionaires, the tax agency’s commissioner said.
Source: marketwatch.com
IRS still struggling to hire, train agents to go after wealthy taxpayers
The IRS is still struggling to carry out President Biden's orders to go after more high-income taxpayers, an inspector general said Tuesday, saying the tax agency is grappling just to keep up with attrition in its ranks, much less expand its audits.
Source: washingtontimes.com