IMRS Hot Issues Summary
Tax Reform Don’t forget to check the IRS.gov Tax Reform pages regularly for the latest information. Changes to Transcript Delivery...
IRS Audit Rate Continued to Decline Last Year
By Michael Cohn The Internal Revenue Service’s audit rate went down again in 2018, according to data released Monday by...
Responding to Pressure to Provide CPA-to-Lender ‘Comfort’ Letters
By Suzanne M. Holl, CPA CPAs at times come under fire from banks and other lenders pressuring them to provide...
Changes to Work-Related Deductions
There are often costs associated with doing your job, but which ones can you deduct on your tax returns? The...
NCDOR Warns of Scams Targeting Taxpayers
Agency Offers Guidance to Help Combat Identity Theft and Fraud RALEIGH –The North Carolina Department of Revenue (NCDOR) today issued...
IRS Kicks off 2019 Tax-Filing Season as Tax Agency Reopens; Use IRS.gov to Avoid Phone Delays
IR-2019-07, January 28, 2019 WASHINGTON ― The Internal Revenue Service successfully opened the 2019 tax-filing season today as the agency...
The Eternal Question: What are a Taxpayer’s Chances of an IRS Audit?
By Jim Buttonow As IRS budgets and audit staff continue to diminish, audit numbers are at an all-time low. But...
Taxpayers Need More Penalty Relief Says AICPA in Letter to IRS
When the Tax Cuts and Jobs Act (TCJA) was passed in late 2017, it affected millions of individual taxpayers and...
IRS Employees Taking Hardship Exemptions During Shutdown
Internal Revenue Service employees who have been called back to work without pay during the partial government shutdown are increasingly...
The Top Tax and Accounting Stories of 2018
By Daniel Hood From tax reform to Wayfair, to a new direction for audit and the ongoing impact of technology, here...