Direct-hire authority will allow the Internal Revenue Service to more quickly reinforce its return processing and account management functions.
CPAs and other tax professionals can help the Taxpayer Advocate Service identify the most acute problems within the IRS.
Comment letters from the AICPA and state CPA societies also offer further recommendations.
The regulations governing required minimum distributions from retirement plans would be updated to reflect various recent statutory changes under proposed regulations released on Wednesday.
A short-term option involves a virtual interview with IRS personnel to authenticate taxpayers’ and practitioners’ identities for online services.
In a hearing, the Senate Finance Committee heard recommendations from the AICPA’s Jan Lewis and National Taxpayer Advocate Erin Collins.
Bogus emails may impersonate the IRS or tax software providers. Here’s what to watch out for.
The new schedules for returns of passthrough entities with international items have been greeted with antipathy by practitioners. The IRS provided relief Wednesday for eligible entities for tax year 2021.
Full disclosure of violations, plus payment of taxes, penalties and interest may allow approved taxpayers to avoid criminal prosecution. The reporting form contains a new reporting section and instructions on virtual currency.
While it works through its return and correspondence backlog, the IRS will not send out certain letters and notices, including for delinquent returns and payments.