The Internal Revenue Service (IRS) performed “better than expected” on issuing refunds to taxpayers this year, the agency’s independent watchdog said Wednesday. A report to Congress from Erin Collins, ...

The IRS believes it did not send any CP53E notices erroneously and is seeking the AICPA’s help in uncovering any examples of taxpayers who should not have received one, an AICPA tax leader said last ...

Parents, guardians, grandparents and others who contribute to a Trump Account will not be required to file a gift tax return reporting those contributions, the IRS and Treasury Department said. This ...

The Internal Revenue Service introduced preliminary guidelines for tax practitioners using AI that, among other things, call for firms to exercise due diligence when it comes to AI outputs and pass AI ...

New guidance from the Office of Professional Responsibility warns that AI may make tax work faster, but Circular 230 still requires competence, due diligence, and human review. Artificial intelligence ...

Not long ago, the Internal Revenue Service boasted that taxpayers who called the agency could expect to reach a live agent in three minutes. That may have been true a few years ago. It is not true now ...

The IRS now uses 126 active AI projects, up from just 10 two years ago. This rapid change, which has not been widely communicated to professionals, is changing how the IRS selects audits, detects ...

Coca-Cola and the IRS are heading to court with $20 billion on the line amid a years-long dispute over the beverage company's reporting of profits made in the U.S. and overseas. The soda giant is ...

A group of four former officials at the IRS and Department of Justice (DOJ) filed an amicus brief on Monday urging the court to rule President Trump’s audit immunity deal was unlawful. The former ...

The IRS Office of Professional Responsibility (OPR) issued guidance outlining how existing Treasury Circular 230 rules apply to tax practitioners’ use of artificial intelligence (AI), emphasizing that ...

There are about 500,000 taxpayers who are victims of identity theft, according to the National Taxpayer Advocate, an internal watchdog at the Internal Revenue Service. It currently takes 20 months for ...

WASHINGTON—President Trump has chosen James Gadwood, a tax attorney who has represented energy companies, hospitality companies and investment firms, to be the top lawyer at the Internal Revenue ...