The IRS announced changes that allow taxpayers to argue reliance on Service-issued FAQs in seeking relief from penalties that provide a reasonable-cause exception.
IRS Practice & Procedure
Erin Collins tells the Internal Revenue Service to implement common scanning technologies to help reduce a backlog of 15 million returns.
Citing processing delays, the IRS suspends 10 late-filing notices to tax-exempt organizations.
An audit by the Treasury Inspector General for Tax Administration recommends improvements in staff deployment, equipment and procedures.
Front and center on Form 1040 is whether taxpayers had a virtual currency transaction.
Testifying before a House subcommittee, Charles Rettig describes progress in meeting lingering pandemic challenges.
A review by the Treasury Inspector General for Tax Administration assessed the IRS’s 2021 performance, customer service issues and administration of tax law changes.
AICPA President and CEO Barry Melancon welcomes Charles Rettig’s testimony, urges additional taxpayer relief.
The IRS will hold in-person and virtual “hiring events” this month to begin filling positions in three service centers.
The new, lower $600 reporting threshold for reporting credit card and cash payment app transactions will likely lead to problems for taxpayers and payment settlement entities, the Taxpayer Advocate Service warns.
Direct-hire authority will allow the Internal Revenue Service to more quickly reinforce its return processing and account management functions.
CPAs and other tax professionals can help the Taxpayer Advocate Service identify the most acute problems within the IRS.
Lien held invalid because settlement officer did not properly verify that notices of deficiency had been issued to taxpayer and sent to his last known address.
This item summarizes the deposit and payment procedures taxpayers can use to stop interest from accruing on the underlying tax and penalties while they dispute the tax lability with the IRS or in court.
A short-term option involves a virtual interview with IRS personnel to authenticate taxpayers’ and practitioners’ identities for online services.
In a hearing, the Senate Finance Committee heard recommendations from the AICPA’s Jan Lewis and National Taxpayer Advocate Erin Collins.
Bogus emails may impersonate the IRS or tax software providers. Here’s what to watch out for.
The new schedules for returns of passthrough entities with international items have been greeted with antipathy by practitioners. The IRS provided relief Wednesday for eligible entities for tax year 2021.
Full disclosure of violations, plus payment of taxes, penalties and interest may allow approved taxpayers to avoid criminal prosecution. The reporting form contains a new reporting section and instructions on virtual currency.
While it works through its return and correspondence backlog, the IRS will not send out certain letters and notices, including for delinquent returns and payments.