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currentfederaltaxdevelopments.com /2 weeks ago

The Evolution of Conservation Easement Enforcement: IRS Shuts Down Uniform Settlement Initiative to Establish a Dedicate...

Internal Revenue Service, IRS establishes Office of Conservation Easements and transitions settlement process, Announcement IR-2026-95 (Aug. 19, 2026). Internal Revenue Serv...

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accountingtoday.com /1 week ago

IRS tax revenue reached record high but enforcement fell

Taxpayers paid the IRS $5.3 trillion in fiscal year 2025, up 13.2% from fiscal year 2023 and the highest amount ever, without adjusting for inflation.

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accountingtoday.com /3 weeks ago

IRS-CI probes illegal sports gambling

The Internal Revenue Service's Criminal Investigation unit has been stepping up its enforcement efforts targeting financial crimes tied to illegal gambling.

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motherjones.com /1 month ago

The IRS Is Imploding

In many years of paying taxes, I’ve never had a problem with the IRS. So, I was surprised to receive a letter dated May 25 informing us that my husband and I owe lots more money th...

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accountingtoday.com /2 weeks ago

IRS unveils Tax Compliance Report for taxpayers

The digitally authenticated report can be used when applying for a job, loan, government benefit or another service requiring tax compliance information.

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accountingtoday.com /1 month ago

IRS expands Business Tax Accounts

The Internal Revenue Service is giving organizations more ways to view digital notices, make payments, and access and manage federal tax account info online.

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newswire.com /1 month ago

IRS Shifts From Audits to Collections - Clear Start Tax Warns Levies and Passport Holds Are Rising in 2026

As examination activity slows, tax practitioners are reporting a marked increase in aggressive collection actions - including bank levies and passport restrictions for those with s...

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accountingtoday.com /4 weeks ago

IRS to promote Saver's Match under TrumpIRA program

The IRS and the Treasury want taxpayers to take advantage of the federal Saver's Match program for retirement accounts as part of the new TrumpIRA.gov website.

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journalofaccountancy.com /1 month ago

Senate Finance Committee advances tax bill backed by AICPA

The Senate Finance Committee approved the Taxpayer Assistance and Service Act, legislation backed by the AICPA that would modernize IRS operations, expand taxpayer services, and gi...

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columbian.com /1 month ago

IRS modernization bill approved by Senate panel

WASHINGTON — The Senate Finance Committee advanced a bipartisan tax administration package Thursday aimed at modernizing the IRS, improving customer service and strengthening taxpa...

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washingtontimes.com /1 day ago

Appeals court rules IRS broke privacy laws in turning over records to ICE

The IRS broke a Watergate-era privacy law when it gave information on 47,000 people to ICE for use in immigration enforcement, a federal appeals court ruled Tuesday.

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journalofaccountancy.com /1 month ago

IRS adds notices, payment features to business tax accounts

Eligible businesses and organizations can now view more digital notices, make payments on installment agreements, and obtain EIN verification documents online.

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accountingtoday.com /3 weeks ago

IRS sets up conservation easement office, ends settlement process

The IRS has created a new Office of Conservation Easements and plans to change the process for settling disputed claims for the lucrative tax breaks.

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malaymail.com /1 month ago

Premises raided as IRB investigates individuals named in Tabung Haji RCI report, discrepancies found

PUTRAJAYA, Aug 7 — The Inland Revenue Board (IRB) has opened investigations into individuals identified in the Roy...

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cbsnews.com /1 week ago

IRS audit revenue plunged following mass layoffs, watchdog finds

IRS audits collected $3.5 billion less in fiscal 2025 as the agency shed thousands of auditors and other agency staffers.

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moneytalksnews.com /4 hours ago

Retired and Pulling From an IRA? The IRS Wants a Check by Tuesday, or the Meter Starts Running at 7%

Your paycheck stopped, and so did your withholding. Sept. 15 is when the IRS notices. Here's the fix.

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cleveland.com /3 weeks ago

New IRS program rewards some taxpayers for paying on time

The IRS will send a confirmation notice to eligible taxpayers.

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accountingtoday.com /1 month ago

Senate committee passes Taxpayer Assistance and Service Act

The Senate Finance Committee voted nearly unanimously to approve a wide-ranging bipartisan tax administration bill aimed at improving operations at the IRS.

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nytimes.com /1 week ago

IRS Audit Revenue Has Plummeted Under Trump, Watchdog Finds

The I.R.S. lost roughly a quarter of its employees since President Trump took office, hampering the agency’s ability to conduct audits.

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journalofaccountancy.com /6 days ago

Congress approves funding bill that maintains IRS budget

A stopgap funding bill headed to the president would maintain the IRS’s $11.2 billion annual budget through Dec. 11 and prevent a second $11.6 billion funding rescission for now.

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accountingtoday.com /3 weeks ago

The IRS measures success by refunds, but businesses experience a different agency

The IRS takes a victory lap for customer service in a recent report. But from the standpoint of its most important customers, it isn't serving them nearly as well.

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currentfederaltaxdevelopments.com /1 month ago

Mandatory Electronic Filing and Standardization of Employee Plans Letter Rulings: An Analysis of Revenue Procedure 2026-...

Rev. Proc. 2026-30, August 5, 2026. On September 4, 2026, a significant shift in tax administration takes effect for practitioners representing qualified retirement plans and...

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accountingtoday.com /1 month ago

IRS marks National Whistleblower Day

The Internal Revenue Service is highlighting the role of tipsters in exposing tax fraud and helping it recover unpaid taxes and strengthen tax compliance.

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journalofaccountancy.com /1 week ago

IRS enforcement activity fell despite record tax collections, TIGTA says

Individual audit starts fell 30% in fiscal 2025, including a 27% drop among taxpayers with income above $400,000, as IRS staffing levels declined, TIGTA said.

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