AICPA President and CEO Barry Melancon welcomes Charles Rettig’s testimony, urges additional taxpayer relief.
The IRS will hold in-person and virtual “hiring events” this month to begin filling positions in three service centers.
The new, lower $600 reporting threshold for reporting credit card and cash payment app transactions will likely lead to problems for taxpayers and payment settlement entities, the Taxpayer Advocate Service warns.
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.