IRS WATCH

IRS signs three new collection agencies

By Jeff Stimpson       1 min read

The service also noted that it would always notify taxpayers that their accounts are going to collections. Read story →

IRS didn’t spot $20.6M in bogus nonresident tax refunds

By Michael Cohn       3 min read

A review found 8,332 individual international 2018 returns filed with potentially erroneous or fraudulent refunds that weren’t identified. Read story →

New IRS site gives insight into Joint Committee cases

By Jeff Stimpson       1 min read

Certain high-value refunds and credits get sent to the JCT for review. Read story →

Dems agree to narrow Biden plan giving IRS bank data

By Laura Davison       3 min read

A new deal would up the thresholds of what triggers reporting to the IRS, according to a key House Democrat. Read story →

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Proposed tax hikes accelerate business deals

By Roger Russell       3 min read

Waiting until after potential rate increases go into effect could lower values. Read story →

Tax Fraud Blotter: Mom made me do it

By Jeff Stimpson       5 min read

That’s a lot of dimes; divided she fell; mom made me do it; and other highlights of recent tax cases. Read story →

New fee for estate closing letters from IRS

By Jeff Stimpson       1 min read

The service notes, however, that users can get similar information from a free transcript. Read story →

Dems eye narrowing Biden plan on bank reporting to IRS

By Laura Davison and Colin Wilhelm       3 min read

The proposal would have banks report on accounts with more than $10,000, instead of the original $600. Read story →

Biden tax changes look uncertain in Congress

By Michael Cohn, Roger Russell       6 min read

The prospects for specific tax changes in the Build Back Better Act appear murky right now, but there could be more clarity later this week. Read story →

Accountants reply: Is it too hard to become a CPA?

By Daniel Hood      

Readers are divided over whether making it easier to attain the license is advisable — or even possible. Read story →

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