Taxes November 5, 2026
IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027
The IRS has released the tax year 2027 annual inflation adjustments for nearly 70 tax provisions.
Taxes July 12, 2024
Why Small Businesses Need This 2017 Tax Cut to Continue
Small businesses are about to face a tax hike that will hurt workers and weaken communities if Congress does not take action.
Taxes July 11, 2024
IRS Has Raked In More Than $1 Billion in Back Taxes From the Rich
The agency has launched several initiatives targeting wealthy individuals and large companies in an effort to close the tax gap.
Taxes July 10, 2024
IRS Issues FAQs About Clean Fuel Production Credit Registration
These FAQs address which entities must apply for registration for the tax credit pursuant to Notice 2024-49, which the IRS issued in June.
Taxes July 9, 2024
IRS Issues FAQs About Tax Advice Scams on Social Media
Schemes have centered on the Fuel Tax Credit, Sick and Family Leave Credit, household employment taxes, and overstated withholding.
Taxes July 9, 2024
TCJA: Newer Crop of Tax Writers Prepares to Take on 2017 Tax Law
Lineup changes on the House Ways and Means and Senate Finance panels pose challenges and possibilities in extending tax cuts.
Taxes July 9, 2024
RNC Platform OK’d By Panel Highlights Tax Cuts, Border
Donald Trump has made renewing expiring tax cuts and cutting federal regulations a centerpiece of his latest presidential bid.
Taxes July 8, 2024
IRS: Kentucky Storm Victims Qualify For Tax Relief
Taxpayers in 11 counties now have until Nov. 1, 2024, to file various federal individual and business tax returns and make payments.
IRS July 5, 2024
Danny Werfel’s Cat Is the IRS’s New Social Media Darling
“We have just now started to put my cat Emmett out there as the expert on tax scams,” the IRS chief recently said in a TV interview.
Taxes July 1, 2024
IRS Finalizes Rules on Crypto Tax Reporting for Brokers
The final regulations are viewed by proponents as critical to policing a largely unregulated sector plagued by tax avoidance.
Taxes July 1, 2024
IRS to Pot Businesses: Marijuana is Still a Schedule I Controlled Substance
Therefore, cannabis businesses are still unable to claim normal business tax deductions, as IRC Section 280E stipulates.
Taxes June 28, 2024
Biden and Trump Spar on Social Security and Taxes During First Debate
The debate featured a relentless barrage of false and misleading statements from both presidential candidates on a number of issues.
Taxes June 27, 2024
IRS Offers to Settle With Certain Tax Avoidance Scheme Participants
The agency is looking to settle with some taxpayers under audit who participated in syndicated conservation easement deals.