Michael Cohn

"ERC mills" are encouraging applications for the tax credit from businesses that may not qualify for the pandemic relief program.

Sheldon Whitehouse, D-Rhode Island, and Roger Wicker, R-Mississippi, introduced bipartisan legislation to put more responsibility on accountants and other financial professionals to safeguard against money laundering and other crimes.

Federal investigators are uncovering billions of dollars in fraud tied to pandemic relief programs.

Taxpayers are concerned the extra $80 billion will lead to more tax audits.

The Empire State is expanding a tax break that allows smaller companies to circumvent the $10,000 limit on state and local tax deductions.

There were signs of improvement in terms of audit engagements and quality control systems.

Commissioner Rettig is promising not to use the nearly $80 billion his agency will be receiving to increase audits of small businesses or taxpayers who earn less than $400,000.

The wording has changed from "virtual currencies" to "digital assets" in general, and there are other changes too.

DAFs have been receiving more than half their contributions from complex assets such as shares of public and private companies, real estate and cryptocurrency in the past five years.

The service’s recent policies expedited the hiring of new employees, but prolonged delays in eligibility verification could increase the risk of exposure of taxpayer data, according to a new report.