Taxes May 15, 2026
Tax Day may have passed weeks ago, but Washington residents living in areas affected by storms, flooding and landslides late last year are getting yet another extension.
Taxes May 30, 2024
After a trial run in 12 states this tax season, the IRS said on May 30 its Direct File program will be made available to all 50 states next year.
Taxes May 29, 2024
The IRS Advisory Council recently recommended that the threshold figure should be raised from $1,200 to $5,800.
Taxes May 28, 2024
Ten million people used TurboTax for free this year to file their taxes, a drop of about 1 million from a year ago, Intuit said.
Taxes May 24, 2024
The taxpayer failed to report any of the $700,000 payment as taxable income on his return. So the IRS stepped in and the case ended up in the Tax Court.
Taxes May 22, 2024
The five-year extension agreement between the IRS and Free File Inc. will continue the program through October 2029.
Taxes May 21, 2024
The most recent version of Form 656-B, Offer in Compromise Booklet, was released by the IRS in April.
Taxes May 16, 2024
U.S.-based multinational companies can emerge not just compliant but better positioned in a post-global minimum tax world.
Taxes May 13, 2024
During a rally Saturday on the New Jersey shore, Donald Trump pledged to double down on tax cuts if he wins a second term as president.
Taxes May 10, 2024
TurboTax recommended some Oregon filers take the standard state tax deduction even though they'd save more money itemizing.
Taxes May 9, 2024
Starting on July 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily.
Taxes May 9, 2024
77% of tax professionals believe AI technology can be applied to their work, and 56% of in-house corporate tax teams think their external tax advisers’ firms should be using AI.
Taxes May 7, 2024
Higher taxes are "quite likely," the Berkshire Hathaway chairman and CEO said, as Washington prepares for major tax discussions next year.