IRS officially announces paperless tax processing by 2025
The IRS plans to achieve completely paperless capabilities by the 2025 filing season, and are hoping to allow taxpayers to digitally submit all agency correspondence by 2024. This will be done in efforts to improve the agency’s technology infrastructure, client service, and other activities…
SEC asked Coinbase to trade only in bitcoin before suing crypto exchange
In June, the U.S. Securities and Exchange Commission (SEC) asked Coinbase to only trade in bitcoin, excluding all other cryptocurrencies, before suing the cryptocurrency platform…
Due to safety concerns, IRS ends unannounced taxpayer visits
Effective immediately, the IRS has ended unannounced visits to taxpayers’ homes in an effort to protect agency revenue officers amid safety concerns. The agency now has an alternative method for collecting tax debt.