Found 759 Matching Items; Displaying 41 - 50.
Commissioner Werfel letter on audit disparity issues in areas such as the Earned Income Tax Credit
Sept. 18, 2023 — Text of the Sept. 18, 2023, letter IRS Commissioner Werfel shared with the members of Congress updating them on agency enforcement efforts and efforts to address audit disparity issues in areas such as the Earned Income Tax Credit.
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Letter or audit for EITC
Did you receive an Earned Income Tax Credit (EITC ) letter or notice in the mail? Find out what to do.
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Individuals
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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News Media
Research Credit Claims Audit Techniques Guide (RCCATG): Credit for increasing research activities Section 41*
This guide provides guidance on the handling and evaluation of research credit claims.
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Businesses
Audit Techniques Guide: Credit for Increasing Research Activities (i.e. Research Tax Credit) IRC § 41* - Substantiation and Recordkeeping
This Audit Techniques Guide (“ATG”) sets forth the Research Credit Technical Advisors’ suggested guidelines for auditing research credit issues.
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Large Businesses
Audit techniques guide: Credit for Increasing Research Activities (i.e. Research Tax Credit) IRC § 41* - Research credit computation
This audit techniques guide (ATG) sets forth the research credit technical advisors’ suggested guidelines for auditing research credit issues.
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Large Businesses
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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IRS Nationwide Tax Forums Online
The IRS Nationwide Tax Forum Online (NTFO) site provides courses based on taped seminars from previous IRS Nationwide Tax Forums. NTFO courses may be taken for either CPE credit or audit.
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