Tag: tax_compliance
-
IRS Celebrates National Whistleblower Day, Citing $8 Billion Recovered
The IRS celebrates National Whistleblower Day, acknowledging whistleblowers' vital role in recovering over $8 billion since 2007. The agency has enhanced its program with digital tools to boost tax compliance and combat fraud.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyLegalEmployment and Labor IRSWhistleblowerTax ComplianceFraudNational Whistleblower DayTax SystemEnforcement
-
IRS Whistleblower Program Recovers Over $8 Billion Since 2007
The IRS Whistleblower Program has recovered over $8 billion and paid $1.4 billion in awards since 2007, highlighting its crucial role in tax compliance and fraud exposure ahead of National Whistleblower Day.
Politics and GovernmentBusinessLaw EnforcementGeneral PoliticsFederal GovernmentEconomyLegalComputers and Internet IRSWhistleblower ProgramTax ComplianceFraudNational Whistleblower DayFinancial ServicesGovernment
-
IRS Introduces Automatic Penalty Relief for Compliant Taxpayers
The IRS is launching Automatic Exemption from Penalty (AEP) in summer 2026, simplifying relief for taxpayers with a history of timely filing and payment. This new process replaces First Time Abate, automatically waiving certain penalties for eligible individuals.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalSocial Issues IRSPenalty ReliefAutomatic Exemption from PenaltyFirst Time AbateTaxpayersTax Compliance
-
IRS Unveils New Look-Back Interest Calculator for Long-Term Contracts
The IRS launched an Excel-based calculator to help businesses and tax professionals compute look-back interest for long-term contracts, aiming to simplify compliance with Form 8697 requirements and enhance taxpayer service.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentLegalComputers and InternetEconomy IRSTax CalculatorLook-Back InterestLong-Term ContractsBusiness TaxationTax ComplianceForm 8697