Found 215 Matching Items; Displaying 1 - 10.
Commissioner Werfel letter on audit selection
May 15, 2023 — Text of the May 15, 2023, letter IRS Commissioner Werfel shared with the Senate Finance Committee and other members of Congress following questions about apparent racial disparity in the selection of tax returns for audit.
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Home energy audits may qualify for an Energy Efficient Home Improvement Credit
IR-2023-140, Aug. 4, 2023 — The IRS issued Notice 2023-59 today regarding the requirements for home energy audits for taxpayers that want to claim the Energy Efficient Home Improvement Credit.
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IRS begins audits of corporate jet usage; part of larger effort to ensure high-income groups don’t fly under the radar on tax responsibilities
IR-2024-46, Feb. 21, 2024 — Using Inflation Reduction Act funding and as part of ongoing efforts to improve tax compliance in high-income categories, the Internal Revenue Service announced today plans to begin dozens of audits on business aircraft involving personal use.
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IRS shares more warning signs of incorrect claims for the Employee Retention Credit; urges businesses to proactively resolve erroneous claims to avoid penalties, interest, audit
IR-2024-198, July 26, 2024 — As the Internal Revenue Service intensifies work on the Employee Retention Credit, the agency today shared five new warning signs being seen on incorrect claims by businesses.
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IRS Employee Retention Credit compliance effort tops $1 billion threshold since fall; Voluntary Disclosure Program suspended after March 22, special withdrawal program remains open as audits, investigations intensify
IR-2024-78, March 22, 2024 — The Internal Revenue Service announced today that compliance efforts around erroneous Employee Retention Credit (ERC) claims have topped more than $1 billion so far since last fall as work continues on a number of efforts to counter questionable claims pushed by aggressive marketing, including an aggressive push on claims made for 2021.
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Former West Virginia coal broker pleads guilty to obstructing the IRS
Jan. 16, 2024 — A former coal broker pleaded guilty today in North Carolina to attempting to obstruct an IRS audit and criminal investigation.
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Michigan business owner sentenced for tax evasion and obstructing the IRS
June 5, 2024 — A Bloomfield Hills, Michigan, businessman was sentenced today to 24 months in prison for evading his income taxes, failing to file an income tax return and obstructing an IRS audit.
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Coal broker charged with filing false returns and obstructing the IRS
May 16, 2023 — A federal grand jury in Charlotte, North Carolina, returned an indictment today charging a man with filing false individual tax returns and attempting to obstruct an IRS audit and criminal investigation.
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Special virtual sessions coming up for those interested in compliance positions; IRS hiring 470 revenue agents
IR-2022-136, July 12, 2022 — The Internal Revenue Service, one of the largest single employers of professional accountants, is now hiring 470 revenue agents who will specialize in auditing or examining both individual and business taxpayers nationwide.
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IRS sending settlement offer letters in July to certain taxpayers who participated in Syndicated Conservation Easement transactions
IR-2024-174, June 26, 2024 — The Internal Revenue Service today announced the mailing of a time-limited settlement offer for certain taxpayers who participated in Syndicated Conservation Easements (SCE) and substantially similar transactions that are under audit in the IRS’s Large Business & International and Small Business and Self-Employed divisions.
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