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Accounting & Taxes

IRS enforcement efforts collect $520 million from wealthy taxpayers

AICPA Tax Advisor - Fri, 2024-01-12 08:46
IRS Commissioner Danny Werfel detailed new IRS efforts to collect taxes from high-income individuals, complex partnerships, and large corporations. He also gave an update on IRS modernization progress.
Categories: Accounting & Taxes

Taxpayer advocate: IRS again fails tax pros with PPS call answer rate

AICPA Tax Advisor - Wed, 2024-01-10 16:40
In an annual report to Congress, the national taxpayer advocate says the IRS should prioritize improving service on the practitioner priority service line, which had a 29% call answer rate.
Categories: Accounting & Taxes

IRS to begin accepting and processing 2023 tax returns on Jan. 29

AICPA Tax Advisor - Tue, 2024-01-09 08:05
IRS commissioner Danny Werfel promised “marked improvement” for the upcoming tax season, when almost 129 million individual tax returns are expected to be filed.
Categories: Accounting & Taxes

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