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IRS has started simplifying millions of complicated taxpayer notices ahead of the filing season https://www.cnbc.com/2024/01/24/irs-unveils-plan-to-redesign-and-simplify-taxpayer-notices.html Jan 24, 2024 - The IRS has unveiled its "Simple Notice Initiative" to clarify millions of letters received by taxpayers every year. Here's what to expect from the program.
Government shutdown could disrupt upcoming tax season, IRS commissioner says https://www.cnbc.com/2024/01/18/heres-how-a-government-shutdown-could-affect-the-irs-this-tax-season.html Jan 24, 2024 - A government shutdown could disrupt the upcoming tax season, according to IRS Commissioner Danny Werfel. Here's what filers need to know.
IRS set to launch its free tax-filing pilot program for some taxpayers. Here's what to expect https://www.cnbc.com/2024/01/26/heres-what-to-know-about-the-free-irs-direct-file-tax-filing-program.html Jan 26, 2024 - Some taxpayers will soon qualify for Direct File, a free tax-filing platform from the IRS. Here's what taxpayers can expect this season.
Nearly 1 in 5 eligible taxpayers don't claim this 'valuable credit,' IRS says https://www.cnbc.com/2024/02/02/heres-how-to-qualify-for-the-earned-income-tax-credit-this-season.html Feb 02, 2024 - Nearly 1 in 5 eligible taxpayers don't claim the earned income tax credit, which was worth an average of $2,541 in 2022, according to the IRS.
IRS weighing 'audit selection algorithm' changes for low-income taxpayer credit https://www.cnbc.com/2024/02/15/irs-weighing-audit-selection-algorithm-changes-for-low-income-credit.html Feb 15, 2024 - The IRS is addressing issues that have led to a higher audit rate for filers claiming the earned income tax credit. Here's what to know.
IRS aims to close 'inequity gap' for unpaid taxes. How the agency targets top earners for audit https://www.cnbc.com/2024/02/20/heres-how-the-irs-is-targeting-top-earners-for-audit.html Feb 20, 2024 - The IRS will continue to crack down on top earners who haven't paid taxes owed. Here's how the agency is targeting higher-income audits.
IRS to begin ‘dozens of new audits’ of corporate jets in crackdown of corporations, higher earners https://www.cnbc.com/2024/02/21/irs-to-crack-down-on-corporate-jets-used-for-personal-travel.html Feb 21, 2024 - The IRS plans “dozens of new audits” of corporate jet usage as part of its increased scrutiny of large corporations, complex partnerships and top earners.
IRS targets wealthy ‘non-filers’ with new wave of compliance letters https://www.cnbc.com/2024/02/29/irs-targets-wealthy-non-filers-with-new-wave-of-compliance-letters.html Feb 29, 2024 - The IRS on Thursday unveiled plans to target wealthy "non-filers" with a new round of compliance letters. Here's what taxpayers need to know.
IRS free tax filing program will open to all eligible filers in pilot states on March 12 https://www.cnbc.com/2024/03/01/irs-direct-file-plans-to-fully-open-in-pilot-states-on-march-12.html Mar 01, 2024 - The IRS has unveiled expanded testing for Direct File, with plans to fully open in pilot states on March 12. Here's who qualifies to file free federal returns.
Tax pros brace for ‘tidal wave’ of crypto tax scrutiny from the IRS. What investors need to know https://www.cnbc.com/2024/03/04/tax-pros-brace-for-tidal-wave-of-crypto-tax-scrutiny-from-irs.html Mar 04, 2024 - As the IRS bolsters its cryptocurrency expertise, tax professionals are bracing for increased scrutiny of digital currency. Here's what to know.

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