The Internal Revenue Service hasn’t been pursuing cases involving hundreds of billions of dollars in income from individuals and businesses whose income has been showing up in Form 1099-K information returns, but has been otherwise unreported.
Read More »Category Archives: Tax audits
Feed SubscriptionIRS tightens settlement terms for micro-captive insurance schemes
The Internal Revenue Service is offering less generous settlement terms to participants in micro-captive insurance schemes as part of its clampdown on the transactions.
Read More »IRS unveils website devoted to partnership audits
The Internal Revenue Service introduced a section of its website dedicated to the Centralized Partnership Audit Regime.
Read More »