The House Ways and Means Committee has advanced a bipartisan bill that would require the IRS to modernize its digital processing technology for tax returns...
The Internal Revenue Service Advisory Council (IRSAC) has published its annual public report, which provides recommendations to the IRS on current and emer...
On Jan. 14, the IRS released guidance on changes to the additional first-year depreciation deduction. Also known as bonus depreciation, this break was incr...
At the recent D.C. Bar Tax Conference, former IRS and U.S. Justice Dept. officials warned about challenges during the upcoming tax filing season. One chall...
Congress is back in session. Addressing health care seems to be high on the priority list. Last week, the House passed a three-year extension of the Afford...
The IRS has proposed updates to the regulations for when certain third-party settlement organizations (TPSOs), such as PayPal, eBay and Venmo, must perform...
Mark your calendar: The IRS will start accepting tax returns on Jan. 26. You have until April 15 to file your 2025 return and pay any taxes you owe. The IR...
The IRS and the Security Summit are warning taxpayers that, as tax filing season begins, identity thieves are poised to scam people into sharing personal i...
Although it rarely occurs, individuals have been known to mistakenly receive IRS letters intended for and about other taxpayers. Such communications could ...
Small businesses don’t always have the human or financial resources to devote to tax recordkeeping. Nevertheless, owners and independent contractors need...
