New Aggressive IRS
IRS CRIMINAL DIVISION GEARING UP IRS Criminal Division gearing up. The IRS released a statement in bulletin IR-2022-194, where they discussed the results of the Criminal Investigative Unit of the IRS. In the fiscal year 2022, IRS Criminal Invest... Read More
Last speech by outgoing IRS Commissioner. Charles Rettig's final message was not intended just for the IRS and Congress, but to all Americans, to assure them of the integrity and challenges that the agency had to overcome during the Covid pande... Read More
Charles Rettig statement in farewell. IRS Commissioner Charles Rettig made a farewell statement that touched upon the difficulties the agency just went thru during the Covid pandemic, and preceding that, the Congress not sufficiently funding th... Read More
Middle class to see additional audits. According to the Republicans in the House, Americans earning less than $75,000 a year are going to receive nearly 60% of the increased audits that will be performed by the IRS, once they gear up from the i... Read More
87,000 new IRS employees from IRA. The Inflation Reduction Act, or IRA, is adding an additional 87,000 IRS employees, keeping the promise of the campaign of Joe Biden, who stated he would fund his programs by increasing funding at the IRS, whic... Read More
Will the IRS target middle class again. Alot of back and forth has gone on since the passage of the Inflation Reduction Act, which is adding 87,000 new IRS employees. The IRS in recent years, has been overwhelmed by added work, and underfunding... Read More
2022 IRS security summit warnings. The annual IRS security summit was held so the IRS could give its assessment of the new threats emerging for the tax community, and list out the newest threats as well. The ever continuing battle of cyber crim... Read More
New IRS agents to go after those who owe. Well when he was a Presidential Candidate, Joe Biden said the way he would pay for his programs, would be to ramp up the IRS, which had seen its budget decimated over the last 12 years, to a level where... Read More
AICPA recommendations executed at IRS. In a letter filed with the IRS and Treasury Department officials, Jan F. Lewis, CPA, and chair of the AICPA Tax Executive Committee stated to IRS Commissioner Charles Retig, and Lily Batchelder, Treasury's... Read More
IRS annual dirty dozen tax schemes. The IRS comes out every year with its list of the most prominent tax schemes of the year. Some stay in the list, while other new schemes, concocted by criminal elements, enter the list, and some leave the lis... Read More
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