IRS WATCH

Service levels hit new lows at swamped IRS

By Roger Russell       3 min read

The agency is working on the problems, but is continually being inundated with phone calls and tax returns. Read story →

Banks enlist customers to kill Biden’s account data reporting plan

By Laura Davison and Allyson Versprille       4 min read

Financial institutions aim to stop a measure that would require banks to hand over some account information to the IRS.  Read story →

IRS launches 18 new self-study seminars

By Jeff Stimpson       1 min read

The new Tax Forum topics reflect headline issues. Read story →

Tax Fraud Blotter: Next year, same victims

By Jeff Stimpson       5 min read

Grossly underreported; unreal estate; auction closed; and other highlights of recent tax cases. Read story →

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IRS making progress on two security solutions

By Daniel Hood       2 min read

Two TIGTA reports still see room for improvement, however. Read story →

Manchin wants Biden social spending plan cut to $1.5T

By Laura Litvan and Mike Dorning       4 min read

Manchin said any new programs should be means-tested and that the tax offsets should include elimination of the carried-interest provision that especially benefits private equity firms. Read story →

U.S. says not so fast in tax-fraud trial of U.S. exec from Russian gas co.

By David Voreacos       3 min read

Prosecutors want more time to gather more evidence from overseas against Novatek exec Mark Gyetvay. Read story →

In the blogs: The ‘fun’ in ‘funding’

By Jeff Stimpson       3 min read

What pros are making; getting clients to pay; keeping the SALT cap; and other highlights from our favorite tax bloggers. Read story →

Democrats’ tax plan upends estate planning using trusts with life insurance

By Lynnley Browning       6 min read

Policies held in grantor trusts would be subject to estate tax under Democrats’ plan, the latest blow to wealth management for the affluent. Read story →

PwC launches full-time remote work policy for U.S. staff members

By Sean McCabe       2 min read

The Big Four firm announced that nearly 40,000 professionals will be able to arrange flexible work arrangements based on their geographic location and work schedule availability. Read story →

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