A landmark court ruling, Kwong v. United States, found that the IRS improperly assessed certain penalties and interest during the COVID-19 pandemic. If you...
Senators Ron Wyden (D-OR), Sheldon Whitehouse (D-RI) and Angus King (I-ME) introduced the Ending the Carried Interest Loophole Act to the U.S. Senate on Ap...
The IRS has issued a Whistleblower Alert highlighting a concern about the diversion or fraudulent use of federal funds by tax-exempt organizations, individ...
If you filed your federal income tax return by April 15 and expect a refund, you can track its progress. The established tracking methods are to call the I...
In February, the U.S. Supreme Court ruled that tariffs ordered by President Trump last year under the International Emergency Economic Powers Act were ille...
When you change jobs, what should you do with the money in your employer-sponsored retirement plan? You could roll over the balance to a new employer’s p...
The IRS now offers a new online Tax Debt Help tool (https://bit.ly/4cgNsjf ) to make addressing outstanding tax balances easier. The free resource uses in...
Does your business provide complimentary on-site food and beverages for employees? The rules for deducting certain business meals have changed. Beginning i...
The U.S. Dept. of the Treasury announced that the IRS plans to modernize Form 990, Return of Organization Exempt from Income Tax. The information form is g...
The IRS released updated FAQs on Section 127 educational assistance programs, covering eligibility, tax treatment and recent legislative updates. Employees...
