Increased audits of big companies and high wealth taxpayers, developments on several tax disputes before the US Supreme Court, an $80 billion boost in IRS funding, and more procedural fights against IRS rulemaking are among some of the big issues in tax for 2023.
Here’s what to watch for next year.
US Supreme Court
The Supreme Court is expected to rule in Bittner v. United States by the end of June, after having held arguments in November. The court will decide whether the IRS can impose foreign bank account reporting penalties on a per-account basis, as the ...
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