The IRS issued its 2019 annual report, which gives an overview of the tax agency’s progress in taxpayer service, compliance and support. For example, the report focuses on results from its Criminal Investigation department and efforts involving civil enforcement. Ongoing compliance areas, including micro-captives, syndicated conservation easements and virtual currency, are also detailed in the publication. In addition, it covers IRS implementation of new tax laws, ranging from steps put in place to carry out provisions of the Tax Cuts and Jobs Act to work underway on the new Taxpayer First Act of 2019. Read it here: https://bit.ly/37DKykk.
