Correspondence season is in full swing. That means that the Internal Revenue Service (IRS) is sending out bills and notices to taxpayers, including letters focused on cryptocurrency reporting.
Read MoreCategory: IRS news/announcements
District Court Judge To IRS: You Have To Follow The Rules
On Monday, I gave a speech in front of the National Association for Enrolled Agents (NAEA) about challenges in the tax profession. One of the
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IRS Warns More Than 10,000 Taxpayers Who Might Have Failed To Report Cryptocurrency Income
Taxpayers who deal – or even dabble – in virtual currency may be on the receiving end of a letter from the Internal Revenue Service
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IRS To Target S Corporations & Foreign Disclosures In New Compliance Campaigns
The Internal Revenue Service (IRS) Large Business and International division (LB&I) has announced six additional compliance campaigns for taxpayers. A compliance campaign is a targeted directive on
Read MoreIRS Added 14 Treatments To List Of Preventive Care Benefits
If you’ve grown tired of digging into your wallet to pay for out-of-pocket medical expenses, you might be getting a break. The Internal Revenue Service
Read MoreIRS Updates Identity Verification Process For Online Payment Plans & More
If you’re looking to create or access your online payment plans with the Internal Revenue Service (IRS), you should be aware of some key changes.
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Report Says 9 In 10 Taxpayers E-Filed Tax Returns In 2019
Chances are that you filed your federal income tax return electronically this year: the Internal Revenue Service (IRS) estimates that nearly nine in ten individual
Read MoreIRS Tips Hand On SALT Cap Workarounds
The Internal Revenue Service (IRS) has issued additional guidance on state or local tax (SALT) cap workarounds, and there are no real surprises. The guidance
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IRS Nationwide Tax Forum Scheduled For July
The Internal Revenue Service (IRS) has scheduled its 2019 Nationwide Tax Forum season. The first forum, planned for July 9-11, 2019, in National Harbor, Maryland,
Read MoreIt’s Correspondence Season: IRS Sends Out Bills & Notices
I can tell from the letters piling up on my desk: it’s officially correspondence season! Correspondence season is the term that tax professionals use to
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