IRS Sends Letters to Cryptocurrency Owners
The Internal Revenue Service is attempting to rein in some taxpayers who may have failed to report income and pay tax on virtual currency transactions.…
IRS Highlights New Whistleblower Notification Process
The IRS recently highlighted how the Tax Cuts and Jobs Act affected whistleblowers who submit information to the IRS Whistleblower Office.…
Read more about IRS Highlights New Whistleblower Notification Process
Tax Security 2.0 - A Checklist
The nation’s tax practitioners are being reminded federal law requires them to create a written security plan to help protect their clients’ data.…
Hackers Steal Financial Data of Millions of Bulgarians; One in Custody
Bulgaria’s government has confirmed hackers stole the financial data of millions of its citizens.…
Read more about Hackers Steal Financial Data of Millions of Bulgarians; One in Custody
New 1040 for Seniors and Updated 1040 Unveiled
The Internal Revenue Service has published a draft of a new tax return targeted at senior citizen taxpayers.…
Read more about New 1040 for Seniors and Updated 1040 Unveiled
NC Man Gets 12-Year Sentence in Virginia
A North Carolina man has been handed a 12-year prison sentence by a Virginia federal court for a fraud scheme that included tax charges.…
Aging IT System Costing IRS in Other Ways
For some years now we’ve heard about how the Information Technology systems inside the Internal Revenue Service need major upgrades.…
Tax Relief Coming to More Taxpayers in Ohio
The IRS announced that more Ohio taxpayers may be eligible to receive tax relief following the devastating tornadoes that swept across the state at the end of May.…
IRS Helps Taxpayers Identify Tax-Related Fraud
Since tax scams can take many forms, the IRS broke them down into two categories: “phone scams” and “email phishing scams.”…
Read more about IRS Helps Taxpayers Identify Tax-Related Fraud
IRS Reforms Signed into Law
The president has signed a package of IRS reforms into law after the legislation passed both houses of Congress with strong bipartisan support.…
