IRS targets wealthy who haven't filed taxes with non-filer notices
Accounting Today
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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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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:
The 83 publicly disclosed accounting and auditing enforcement actions in FY 2023 represented the highest number of actions initiated since FY 2019.
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.
The software vendor's recently released Zoho Practice aims to help small and midsized practices run themselves better.
The IRS has pushed back filing and payment deadlines for those affected by the August fires.
The tax authority is drafting final regulations that would require crypto brokers, including exchanges, to report detailed information on their clients' transactions.
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