IRS targets wealthy who haven't filed taxes with non-filer notices

IRS targets wealthy who haven't filed taxes with non-filer notices

The Internal Revenue Service has begun sending notices to high-income taxpayers who haven't been filing tax returns since 2017, and more of today’s top stories.?

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IRS targets wealthy who haven't filed taxes with non-filer notices

The initiative is starting this week with IRS compliance letters being sent to over 125,000 cases where tax returns haven't been filed.?

In other news today:

SEC ups accounting, auditing enforcement

The 83 publicly disclosed accounting and auditing enforcement actions in FY 2023 represented the highest number of actions initiated since FY 2019.

R&D expensing gets another chance

The ability to write off research and development expenses in the first year would be revived if the Senate ever manages to pass the Tax Relief for American Families and Workers Act.

Zoho dives into practice management

The software vendor's recently released Zoho Practice aims to help small and midsized practices run themselves better.

Washington wildfire victims get tax relief

The IRS has pushed back filing and payment deadlines for those affected by the August fires.

IRS hires former Binance.US exec to beef up crypto expertise

The tax authority is drafting final regulations that would require crypto brokers, including exchanges, to report detailed information on their clients' transactions.

Dr. Himanshu Raval

Founding Director | Shri Hari 9 Universal Solutions | Provides Professional Accounting, Bookkeeping & Tax Services to Individuals, Businesses & CPA Firms | ISO 9001:2015 Certified I

11 个月
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