Internal Revenue Service officials said Wednesday they will be visiting approximately 800 taxpayers who earn over $100,000 a year and haven’t filed one or more tax returns in prior years. IRS coordinates with other countries to combat tax evasion → | By Michael Cohn 2 min read | Leaders from the service’s Criminal Investigation unit and tax authorities from Australia, the U.K., Canada and the Netherlands met in Australia this week to set priorities in the fight against international tax crimes. | | ACCA and IMA report on global economic issues → | By Michael Cohn 2 min read | The Association of Chartered Certified Accountants and the Institute of Management Accountants released a report Wednesday on some of the major long-term issues affecting the world economy. | |
IRS offers safe harbor for carbon capture credits → | By Michael Cohn 2 min read | The Internal Revenue Service provided guidance and a safe harbor Wednesday for businesses that claim carbon capture credits in an effort to reduce emissions of carbon dioxide. | | In the blogs: No bots about it → | By Jeff Stimpson 4 min read | 5G and the cloud; EITC refund timeframe; EideBailly; and other highlights from our favorite tax bloggers. | | |