IRS blames old tech in destruction of information returns
The IRS said Thursday that it destroyed approximately 30 million unprocessed information returns because its “antiquated technology” forced it to...
Cryptoassets: How should proof-of-stake rewards be taxed?
Jun 10, 2022
Cryptoassets have increasingly proved to be a significant disruptive force across several industries, from financial services to energy and the...
IRS audit rates decreased most for wealthy, GAO finds
Jun 8, 2022
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...
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