IRS Offers Small Businesses Relief on Form 3115
Responding to passionate feedback from firms and the preparers who support them, the IRS has announced that it is now allowing small businesses to comply with the new tangible property regulations...
View ArticleFraudulent Refunds Paid Out by IRS Totals $5.8 Billion
A new report from the Government Accountability Office has found that the IRS still needs to work on its authentication process, as between 2011 and 2014 the service has paid out about $5.8 billion...
View ArticleIRS to Go Easy on Those Affected by HealthCare.gov Glitch
In response to the recent embarrassing incident where 800,000 taxpayers who got their insurance through the HealthCare.gov website and received erroneous tax information from the federal government as...
View ArticleIRS Audits At 10-Year Low
Last year, the IRS audited just .86 percent of all tax returns, the lowest rate in a decade, according to CNBC. The reason is that while the IRS, due to fewer resources and more responsibilities, is...
View ArticleFormer IRS Commissioner Mark Everson Running for POTUS
Mark Everson, who headed the IRS from 2003 to 2007 has announced his intention to run for president of the United States, according to Forbes. Running as a Republican, he has worked for both George W....
View ArticleVisits to IRS Website Up 10 Percent
Taxpayers, hungry for more information, have been visiting the IRS website looking for answers in increasing numbers, with total visitors this tax season so far numbering about 200 million, which the...
View ArticleNight Club Says It's a Really a Church, IRS Says "Nope"
'Anything But Clothes' night? Lingerie and pajama parties? Naked paintball? All for a $20 'suggested donation?' These things and more prompted the IRS to look into a Panama City, Florida church that...
View ArticleGAO: IRS Still Needs to Improve IT Security
A new report from the Government Accountability Office (GAO) says that while the IRS is no longer quite the open door it used to be when it comes to IT security, it could still stand to install some...
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