IRS audit rates decreased most for wealthy, GAO finds
IRS examinations of individual income tax returns declined between 2010 and 2019 across the board, but the trend was most...
IRS mostly correct on recovery rebate credits, TIGTA says
Jun 6, 2022
The IRS correctly calculated taxpayers’ eligibility for a recovery rebate credit in the 2021 filing season 99.3% of the time,...
IRS levy trumps decedent’s children’s claim to money held in usufruct
Jun 3, 2022
The Fifth Circuit affirmed a district court decision that an IRS levy against a decedent’s estate for unpaid taxes took...
Senators urge 2-D barcoding of paper-filed tax returns in 2023
Jun 1, 2022
Seconding a recent directive by the national taxpayer advocate, all 14 Republican members of the Senate Finance Committee wrote IRS...
Adopting a child: Tax planning considerations
May 27, 2022
Parents pursuing an adoption can use a CPA’s advice. The decision to adopt a child has lifelong implications, both emotional...
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