IRS
H&R Block Partners with Microsoft for Tax Prep AI
The system uses thousands of machine learning models trained with millions of tax returns, AI algorithms, and generative AI technology.
Ex-NFL Linebacker Bill Romanowski Owes $15 Million in Unpaid Taxes, Court Filing Says
The IRS seeks to finally collect on a ballooning tax bill for the 16-year NFL star and his wife that dates back 25 years.
House Ways and Means to Review Tax Documents of ‘High-Profile Individual’
The panel scheduled the June 22 meeting on Tuesday hours after Hunter Biden agreed to plead guilty to tax evasion charges.
‘What a Difference a Year Makes!’: IRS Has Made a Huge Dent in Tax Return Backlog
In her midyear report to Congress, National Taxpayer Advocate Erin Collins shared several IRS improvements this filing season.
Democrats’ Latest Child Tax Credit Plan Pushes Bonus for Babies
House Democrats’ latest proposal to expand the child tax credit includes a new feature: a $2,000 payment for newborn babies.
What to Know About the Tax Deductibility of Funeral Expenses
Most people cannot deduct burial costs, but there are things you can do to manage them.
Harvard Economists Offer Economic Analysis of IRS Tax Audits
The paper finds that for every $1 the IRS spends auditing high-income taxpayers, it yields more than $12 in revenue, and audits of lower-income taxpayers yields $5 in revenue.
MyLawCLE and Tax Rep Network Partnership Provides Insider Knowledge on Working with the IRS
In addition to training sessions for IRS representation, the partnership will enable attorneys and law firms to explore adding new revenue streams to their practices with tax resolution services.