Internal Revenue Service (IRS)

The Federal News Network is reporting that the due to the coronavirus pandemic, the IRS issued an evacuation notice Friday afternoon directing that nearly all of its employees work from…
Continue Reading Internal Revenue Service Issues Evacuation Order Directing Virtually All Employees to Work Remotely Starting March 30

Treasury Secretary Steven Mnuchin announced on Twitter this morning that the April 15 tax filing deadline has been extended to July 15 due to the health crisis caused by the…
Continue Reading Treasury Secretary Announces Federal Tax Filing Deadline Extended to July 15 Due to COVID-19

The Internal Revenue Service has announced an overwhelming acceptance rate for a time-limited settlement offer made to certain taxpayers under audit who participated in abusive micro-captive insurance transactions. Nearly 80%…
Continue Reading IRS Steps Up Scrutiny of Micro-Captive Insurance Transactions

The Internal Revenue Service announced today that it has begun mailing what it calls “educational letters” to taxpayers with cryptocurrency transactions who potentially failed to report income and pay the…
Continue Reading IRS Ramping Up Cryptocurrency Enforcement Efforts With “Educational” Letters

Yesterday, the Internal Revenue Service’s Large Business and International division (LB&I) announced three additional compliance campaigns, bringing the total number of campaigns announced to date to 53. These campaigns reflect…
Continue Reading IRS LB&I Announces Three More Compliance Campaign, All Focused on Offshore Activities

Yesterday the IRS announced the results of a nationwide two-week “education and enforcement campaign” regarding employment tax compliance. For several years, the IRS has made employment tax compliance a top…
Continue Reading Internal Revenue Service Reveals Results of Two-Week Employment Tax Compliance Campaign