The IRS updated Streamlined Filing Compliance ... under investigation by the agency or the subject of an IRS audit. The Streamlined Procedures provide a substantial waiver of the penalties that ...

Tax practitioners should be familiar with the special rules that apply and issues that can arise when an accounting method change is made while a taxpayer is under IRS examination.

However, given the IRS’s position, which now includes alternative arguments not previously asserted by the IRS, and in consideration of the ongoing CRA audit, the Company determined it ...

The IRS Streamlined Compliance Procedures were designed to help non-willful US taxpayers update tax filings associated ... if the IRS has not initiated an audit or “civil examination of taxpayer ...

Not all audits result in you having to pay more money to the IRS. Nevertheless, you may panic if get a letter. Are you going to have to pay a big fine? What does the IRS know about you that you don't?

The recommendations, sent Tuesday in a letter to Treasury and the IRS, include that the IRS expressly allow taxpayers to rely on proposed regulations until they are final. An AICPA tax leader updates ...

The IRS has also released Revenue Procedure 2025-10 ... an employee if certain statutory requirements are met: a. A prior audit where there was no assessment of employment taxes attributable ...

The IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more revenue into the U.S. Treasury's coffers. But not every group of taxpayers will face more ...

Getting an audit letter from the Internal Revenue Service (IRS) can cause concern for even the most organized taxpayer. If you've received one of these letters after filing your taxes, you might ...

By 2026, with the audit changes fully in place, the IRS expects to have increased the ... said in its 2024 Strategic Operating Plan annual update. The agency said it’s also using IRA money ...

Is the IRS obligated to audit the president? Agency procedures say yes, and both former President Barack Obama and President Joe Biden say the department audited their tax returns regularly.