Internal Revenue Service (IRS)

The Internal Revenue Service’s Large Business & International Division has announced another compliance campaign, its 64th such campaign since the first set of campaigns was unveiled in 2017. This latest
Continue Reading Internal Revenue Service’s LB&I Division Announces Compliance Campaign Focused on TCJA

Providing additional relief to taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service has extended a wide array of key tax deadlines for individuals and businesses to July 15,
Continue Reading Internal Revenue Service Extends More Critical Tax Deadlines to July 15, Including Time Limits for Filing Refund Claims and Tax Court Petitions

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