Recent Articles
IRS: For these nine notices, taxpayers may now upload supporting documentation.
Even if they do not have an IRS online account, taxpayers who receive these notices can securely respond to the IRS online. Taxpayers who receive certain IRS notices and are required to send information to the agency can now submit...
Tax Returns Are Being Processed By the IRS More Rapidly Than Last Year
The IRS reported processing more than 16.7 million tax returns as of February 3—29% more than it did in 2022. The IRS recently reported that while refund processing has been quicker this tax season than last, Americans are still receiving...
New Guidelines for the IRS’s Low-Income Communities Solar Tax Credit Program
Owners of specific solar and wind facilities installed in low-income communities that qualify for the section 48 energy investment credit must abide by the advice in this document. In accordance with the Inflation Reduction Act, the Department of the Treasury...
IRS Compliance Assurance Process Program Changes Coming
The CAP program was launched in 2005 as a way for the IRS and taxpayers to communicate openly, amicably, and transparently in order to resolve tax issues prior to the filing of a return. The Compliance Assurance Process (CAP) program’s...
The IRS Chief Counsel’s Office is looking to fill open tax attorney positions.
The IRS hires tax lawyers to improve the taxpayer experience and address non-compliance. Today, “Help Wanted” signs were put up by the IRS’s Office of Chief Counsel, looking for more tax lawyers to help improve the taxpayer experience and deal...
AICPA Submits Tax Proposals to Legislators
Employee benefits, individual income tax, international tax, and tax administration are among the 61 recommendations in the compendium. The American Institute of CPAs (AICPA) has sent its 2023 Compendium of Tax Legislative Proposals – Simplification and Technical Proposals to members...