IRS WATCH

IRS starts refunds for tax returns claiming unemployment benefits

By Michael Cohn       5 min read

The Internal Revenue Service is starting to provide tax refunds to taxpayers who paid taxes on their 2020 unemployment benefits that recent legislation later excluded from taxable income.  Read story →

IRS enlists TaxBit to help catch crypto cheats

By Michael Cohn       6 min read

The Internal Revenue Service has picked TaxBit, a Salt Lake City-based company, as a subcontractor to help it do data analysis and tax calculations for audits of taxpayers with cryptocurrency.  Read story →

Improper payments for refundable credits prove hard to combat for IRS

By Michael Cohn       4 min read

The EITC, the ACTC and the ACTC continue to be abused, even as they become more generous. Read story →

Tax Day arrives late, with IRS behind on millions of returns

By Laura Davison       3 min read

This season may be just a harbinger of difficult tax seasons to come. Read story →

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White House releases tax returns for Biden, Harris

By Jennifer Epstein       5 min read

Both the president's and the vice president's incomes Read story →

Will Biden’s IRS be coming after your clients?

By Alexis Leondis       3 min read

Most at risk are taxpayers whose earnings aren’t reported to the IRS by an outside source like an employer or brokerage firm. Read story →

'Managed dissatisfaction' during tax season

By Kyle Walters       4 min read

If you think clients don’t notice when you ignore their messages or send them terse responses days after they’ve reached out to you, think again. Read story →

Expanded Child Tax Credit to start mailing July 15

By Jeff Stimpson       2 min read

The IRS will launch the monthly payments just a couple of weeks after its preliminary deadline. Read story →

Innovations in audit: KPMG deploys smart glasses

By Ranica Arrowsmith       3 min read

The Big Four firm was exploring what smart glasses could do before COVID-19. When the pandemic hit, they put their foot on the gas. Read story →

Intuit retires Intuit Online Payroll

By Ranica Arrowsmith       2 min read

The company will move all users to QuickBooks Online Payroll by the end of 2021. Read story →

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