Taxes April 28, 2026
The Treasury Department said on April 23 that the IRS is planning revisions to Form 990 intended to discover misconduct at tax-exempt organizations and hold fraudsters accountable.
Taxes November 21, 2024
Filers who claim tax credits like the Earned Income Tax Credit and Child Tax Credit will especially benefit from this change, the IRS said.
Taxes November 21, 2024
Fears of a vengeful Donald Trump caused dozens of House Democrats to rethink prior support for the legislation.
Taxes November 20, 2024
The rules provide more flexibility for direct pay-eligible entities that want to jointly invest in clean energy projects, Treasury says.
Taxes November 20, 2024
A taxpayer in a recent Tax Court case tried to use the "Cohen rule" from an age-old case to escape out of a tax jam.
Taxes November 18, 2024
For the first time since 2020, interest rates for tax overpayments and underpayments will be lower than the previous quarter.
Taxes November 14, 2024
EAs with a Social Security number ending in 0, 1, 2, or 3 must renew their status before their current enrollment expires March 31, 2025.
IRS November 7, 2024
The agency collected more than $5.1 trillion in tax revenue and more than $98 billion in enforcement revenue.
Taxes November 4, 2024
Maryland has paid $5.4 million to the IRS after a rare audit of the state found it owed millions of dollars in taxes in 2020.
Taxes November 1, 2024
The 401(k) contribution limit will increase to $23,500 next year, the IRS says, but the IRA contribution limit will stay at $7,000.
Taxes October 29, 2024
The new work group, which was formed last fall, has officially started work to more efficiently conduct audits of pass-throughs.
Taxes October 25, 2024
A Florida man has pleaded guilty to evading the payment of more than $1.7 million he owed for tax years 2004 through 2014.
Taxes October 22, 2024
While the actual percentages will remain the same, the income levels of each bracket change annually to adjust to inflation.