New Aggressive IRS
After audit decline IRS to audit more. After a long period where the IRS was auditing less, especially against the richest Americans, the trend is finally swinging back to more audits. The reason has to do with ballooning federal budget deficits.... Read More
IRS proposes regulation to estate tax. The IRS in regulation 118913-21, provided an exception to the "clawback" rule that preserves the benefits of the temporary higher and gift tax basic exemption exclusion amount. The special IRS rule that pr... Read More
After lull IRS getting more aggressive. When the IRS shut down for nearly seven months, due to the Covid lockdown, they fell behind in filing almost 24 million back tax returns. They then hired 10,000 people to have a "surge", to get those back... Read More
IRS gearing up for increased collections. The IRS has, as many businesses during the Covid pandemic, had a rough time lately. After being shut down for nearly 7 months during the initial outbreak of the virus, then starting up only to be shut d... Read More
New IRS taxpayer office increase collections. Under the Taxpayer First Act, the taxpayer experience has been reimagined based on the following six pillars, which represent the long term goals the IRS hopes to achieve over the next 10 years. 1 E... Read More
IRS adding 10,000 to catch up tax returns. The IRS intends to use an expedited hiring process to hire about 10,000 workers for processing tax returns and managing taxpayers accounts, according to a union that represents employees in the Service an... Read More
IRS adding second surge team. It looks like the IRS wants to speed up the processing of the unfinished 2020 tax returns, which have been estimated to be nearly 12 million tax returns. The backlog is a result of the Covid closure of the IRS for ... Read More
IRS backlog of tax returns. The IRS has opened tax filing season, but the agency still has a backlog of tax returns from the 2021 tax filing season. So you can expect large delays in the processing of your tax return, as the IRS is concentratin... Read More
IRS catching up last year's tax returns. Several different estimates have recently made headlines about how many tax returns the IRS is behind for last year. The range is anywhere from 12 million to 5 million, depending upon who you listen to. ... Read More
IRS addressing backlog of returns. Multiple estimates from various sources have said that the Internal Revenue Service has between twelve and seven million unprocessed tax returns from last year, as they head into the 2022 tax season. The reaso... Read More
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