Accounting Today - IRS Watch

IRS Watch

Aug 7, 2019

IRS offers new tax withholding estimate tool

By Michael Cohn

The Internal Revenue Service is replacing its old online tax withholding calculator and making it easier for taxpayers to determine how much in taxes they should withhold.

Bags stuffed with cash add to pressure for cannabis banking law

By Elizabeth Rembert

The Internal Revenue Service has built “cash rooms” to receive federal taxes paid by marijuana companies.

Truckers should e-file highway use return by Sept. 3

By Jeff Stimpson

The IRS is looking for Form 2290 from heavy-vehicle users.

Crypto tax avoiders face IRS roulette: Fess up or try to hide

By Lynnley Browning and Laura Davison

More than 10,000 cryptocurrency investors face a decision as they open letters from the Internal Revenue Service informing them that they may owe taxes on their digital holdings.

Amended tax returns still prone to fraudulent refunds

By Michael Cohn

The Internal Revenue Service hasn’t done enough to improve its procedures for reviewing amended tax returns to reduce erroneous and fraudulent tax refunds, according to a new report.

IRS provides guidance on bonus depreciation election

By Michael Cohn

Taxpayers can make a late election, or revoke an earlier election, for the tax break for property they have acquired for a business.

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IRS begins cleanup of EAs who did not renew

By Jeff Stimpson

Enrolled agents with SSNs ending in 0, 1, 2 or 3 need to re-up.

In the blogs: Really big shows

By Jeff Stimpson