Taxes January 23, 2026
The House Rules Committee declined to advance an amendment to a larger spending bill that would restore a gambler’s ability to deduct 100 percent of losses on annual tax filings.
Taxes October 1, 2024
The purpose of Form 7217, new for tax year 2024, is to report all distribution of property that a partner receives from a partnership.
Taxes October 1, 2024
The agency is piloting a program that would make contacting IRS Appeals easier for large businesses with multiple representatives.
Taxes September 26, 2024
In his efforts to evade tax liability, this attorney from Missouri committed multiple fraudulent acts, for which he was found guilty.
Taxes September 25, 2024
Kamala Harris was in Pennsylvania Sept. 25 while Donald Trump was in North Carolina—battleground states crucial for victory.
Taxes September 23, 2024
Come Oct. 1, the per diem rates will be $319 for business travel to high-cost locations and $225 for travel to low-cost areas.
Taxes September 23, 2024
Civic tech nonprofit Code for America is broadening its tax filing simplification process to Maryland and North Carolina in January.
Taxes September 19, 2024
The three people will share a $74 million payout for disclosing a tax evasion scheme that enabled the IRS to collect $263 million.
Taxes September 19, 2024
Tax law is always changing, and keeping up is what tax professionals are about, or they can end up with costly errors if new credits and deductions apply or changes in filing requirements take place.
Taxes September 19, 2024
The Internal Revenue Service is alerting taxpayers to beware of promoters claiming their services are necessary to resolve unpaid taxes owed to the IRS while charging excessive fees, often with no results.
Taxes September 19, 2024
Assumption that extending Donald Trump's 2017 tax law wouldn't add to deficits could substantially shrink the price tag.
State and Local Taxes September 17, 2024
With elections approaching, it’s time for governors and mayors to offer some viable new policy options—and ways to pay for them.
Taxes September 17, 2024
A taxpayer can’t deduct start-up expenses if he or she abandons the business before it ever gets off the ground.