Lawmakers say that more than 800,000 taxpayers could receive CP53E notices tied to the phaseout of paper checks, potentially ...

Regulations for the new 45Z biofuel tax incentive needs to account for cover crops, precision fertilizer applications and ...

Democratic Senators warn that Treasury Secretary Scott Bessent’s legal authority to serve as Acting IRS Commissioner appears to have run out.

The American Institute of CPAs recommends the First Time Abatement program be expanded to cover additional types of tax and information return penalties.

The proposed regulations explain how to open the accounts, who can request the federal $1,000 pilot contribution, and how the ...

The Biden era final rules made certain transactions reportable transactions - meaning taxpayers had to affirmatively report outlined and similar transactions on their tax returns or face significant ...

With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited for the self-employed.

CARF: Crypto tax data collection starts in 47 jurisdictions; a FATCA for digital assets. IRS shortages & old tech might thwart the effort due to info overload failure.

The House Finance Committee has advanced Senate Bill 6346, a 9.9 percent tax on incomes over $1 million. This is a calculated violation of Initiative 2111, which the state Legislature passed to ban a ...

Tax refunds are about 10% larger so far this year, but many filers will have to wait longer for their money due to changes ...

Plus: “No tax on tips” gets more complicated, Taxing Social Security benefits, tax season filing statistics, Taxes From A to ...

Can you still claim tax relief from previous years? Learn IRS deadlines, rules and when refunds, credits or penalty relief may still be available.