Tag: tax_compliance
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IRS Opens Applications for 2027 Compliance Assurance Process Program
The IRS is now accepting applications for its 2027 Compliance Assurance Process (CAP) program until October 30, 2026. This program helps large corporations resolve tax issues before filing, offering greater certainty.
BusinessPolitics and GovernmentFederal GovernmentEconomyFinancial MarketsLegal IRSCompliance Assurance ProcessCAP programcorporate taxtax complianceapplicationsfinancial statements
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IRS Opens 2027 Compliance Assurance Process Applications for Corporations
The IRS is now accepting applications for its 2027 Compliance Assurance Process (CAP) program until Oct. 30, 2026. This program helps large corporations resolve tax issues before filing, offering greater certainty and improving compliance.
BusinessPolitics and GovernmentFederal GovernmentEconomyFinancial MarketsLegal IRSCompliance Assurance ProcessCAP programCorporate TaxTax ComplianceApplications2027
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IRS to Retire FIRE System, Mandates Switch to IRIS for 2027 Filing
The IRS is retiring its FIRE e-file system, requiring information return filers to transition to the new IRIS platform by November 19, 2026, for the 2027 filing season. Prepare now by applying for an IRIS TCC.
Politics and GovernmentBusinessFederal GovernmentEconomyComputers and InternetLegalEducation IRSInformation ReturnsE-filingFIRE systemIRIS systemTax ComplianceGovernment
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IRS Urges Filers to Transition to New IRIS System
The IRS is retiring its FIRE e-file system, urging information return filers to transition to the new IRIS platform by November 2026. This change is mandatory for the 2027 filing season.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalEmployment and Labor IRSInformation ReturnsIRISFIRE systemE-filingTax Season 2027Tax Compliance
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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
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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
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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
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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