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Business · United States

IRS halts processing of a small business tax break amid 'surge of questionable claims'

45% Center coverage: 18 sources

IRS Commissioner Danny Werfel on Thursday ordered the agency to immediately stop processing new claims for a pandemic-era small business tax break to protect filers from a “surge of questionable claims.” See the Story

Business · United States

The IRS—with A.I. help—is going after 1,600 ultra-rich Americans it says owe at least $250,000 each in back taxes

54% Center coverage: 83 sources

The Internal Revenue Service has started using artificial intelligence to investigate tax evasion at multibillion-dollar partnerships as it looks for ways to better police hedge funds, private equity groups, real estate investors and large law firms.See the Story

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