Business owners should prepare now for the sunsetting of provisions of the 2017 Tax Cuts and Jobs Act.
The renewed focus comes as the agency increases scrutiny of high-income individuals.
Data indicate many taxpayers are failing to report profits from crypto, the agency says.
The IRS's efforts to crack down on enforcement among wealthy taxpayers—boosted by massive funding from last year’s Inflation Reduction Act—appear to be taking aim at those with cryptocurrency...
The agency isn't above mistakes, especially when it comes to the tax filings of the wealthy.
The looming sunset of some 2017 tax reforms is starting to figure into tax planning.
The IRS has pledged to intensify scrutiny on many wealthy taxpayers and their complex dealings, foreign and digital assets and other suspected areas of low compliance...
The IRS is stepping up scrutiny of clients who earn income from complex business structures.
The renewed focus comes as the agency increases scrutiny of high-income individuals.
Advisors say it's crucial to plan now for tax law changes that may not happen for several years.