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WEALTHY NONFILERS NEW FOCUS FOR IRS:
Wealthy nonfilers accounted for up to $65.7 billion in unpaid taxes between 2017 and 2020, and the IRS has been doing almost nothing about it, according to IRS data obtained by the Senate’s top tax

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CHANGES TO FREEDOM OF INFORMATION ACT (FOIA) REQUEST PORTAL:
The agency’s FOIA public access portal now says it is using a “sign on system that requires identity verification.” According

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PROPOSED RULE CHANGE TO CTA REPORTING:
Note from the Editor: NSTP recently provided a webinar on the Corporate Transparency Act (CTA) and the required beneficial ownership information reporting.

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TAX PRO ACCOUNTS ENHANCED:
The Internal Revenue Service has added new abilities to its online Tax Pro Account service, allowing tax practitioners to see the

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CHATBOT USE EXPANDED FOR IRS NOTICES:
Expanded chatbot technology is now available to help quickly answer basic questions for people receiving notices about possibly underreporting their taxes.

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PTIN FEES REDUCED:
The IRS has updated its regulations concerning the user fees for the application and renewal of preparer tax identification numbers, reducing the fee amount in response to excessive fee litigation.

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UPDATE FOR WEIGHTED AVERAGE INTEREST RATES, YIELD CURVES, AND SEGMENT RATES:
This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under § 417(e)(3), and the 24-month average segment rates under § 430(h)(2) of the

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2023-2024 SPECIAL PER DEIM RATES:
Notice 2023-68 SECTION 1. PURPOSE

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