IRS WATCH

IRS raises some mileage rates for 2022

By Jeff Stimpson       1 min read

For business use and medical purposes, they’re up by at least 2 cents. Read story →

Final advance CTC payments have begun, IRS says

By Daniel Hood       1 min read

Families will soon need to reconcile the money they received against what they can officially claim. Read story →

Taxpayer data still at risk at IRS: TIGTA

By Daniel Hood       3 min read

An IT audit finds progress on many fronts, but COVID proved that modernization remains a must for the agency. Read story →

Plan now for two major changes to R&D credits

By Heidi Henderson       5 min read

New reporting requirements and possible amortization are on the way. Read story →

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U.S. tax overhaul shelved, imperiling credits, millionaire levy

By Laura Davison and Christopher Condon       4 min read

Failure could imperil the backbone of the party’s messaging for the midterm elections. Read story →

New guidance on changing accounting methods

By Daniel Hood       1 min read

Revenue Procedure  2022-9 lays out the procedures for getting automatic consent to a change to the cash method. Read story →

Musk faces $10B tax bill as he spars with Warren

By Tom Maloney and Ben Steverman       3 min read

The Tesla founder's exercise of a huge number of stock options has put him on track for what may be the biggest tax payment of all time. Read story →

Tax Fraud Blotter: ‘Romance fraud’

By Jeff Stimpson       6 min read

What becomes of the brokenhearted; steal thyself; inside job; and other highlights of recent tax cases. Read story →

PCAOB says it can’t inspect firms in China, Hong Kong

By Daniel Hood       2 min read

The SEC said it would begin identifying companies that are using non-inspected auditors. Read story →

The big comeback: Tax pros look at returning to the office

By Jeff Stimpson       4 min read

Whether and how to bring staff and clients back into one place elicits mixed feelings from practitioners. Read story →

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