IRS audit rates declined further in 2022

IRS audit rates declined further in 2022

Jan 11, 2023 | News to Note

From AccountingToday.com — By Michael Cohn —    The Internal Revenue Service audited fewer taxpayers last year, according to a new report, although audits of millionaires ticked up slightly. The report, released Wednesday by Syracuse University’s...
8 tips for managing a financial windfall

8 tips for managing a financial windfall

Dec 8, 2022 | News to Note

From Forbes — By E. Napoletano, Contributor — According to a recent study by Cerulli Associates, there’s a massive transfer of wealth poised to happen in the U.S. over the next 25 years. An estimated $68 trillion will change hands, with the country’s aging population...
IRS prodded to work more on closing tax gap

IRS prodded to work more on closing tax gap

Nov 30, 2022 | News to Note

From Accounting Today — By Michael Cohn — The Internal Revenue Service (IRS) is being pushed by the Government Accountability Office to do more to close the $428 billion annual tax gap by using the extra $80 billion it’s getting over 10 years from Congress to...
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