In recent months, the IRS has revised a public announcement and issued a practice unit on IRS Form 3520-A reporting and ...

The IRS lost 26% of its 102,000-person workforce to layoffs and buyouts this year through early June, amid a larger effort by ...

Diana Shaw of Wiley Rein LLP discusses the reduction in workforce at the IRS as detailed in a report by the Treasury ...

The IRS sent wrong data to the Department of Education in 2024, impacting potentially 7.2 million student financial aid ...

If you’re among the millions of people who use payment apps like PayPal, Venmo, Square, and other third-party electronic payment networks, you could be affected by a tax reporting change that ...

The IRS is rolling out a new 1099-K reporting rule for third-party payment apps, impacting freelancers and business owners. This change, part of the American Rescue Plan, aims to streamline tax ...

More than one-quarter of the agency’s workers have left in the past three months, raising the likelihood of service gaps and ...

The US Treasury Department plans to impose new reporting requirements for crypto. Soon, banks and financial institutions will have to report information to the IRS. Exchanges, custodians, and ...

The U.S. Department of the Treasury and IRS on Friday released final tax reporting rules for digital asset brokers. Mandatory yearly reporting will phase in starting in 2026, which will cover ...

IRS delays reporting rule for Venmo, PayPal and other payment apps. Implementation of a lower threshold for 1099-K reporting will be pushed back one year ...