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 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 20, 2024
Federal tax breaks aim to boost sustainable jet fuel production to curb emissions from commercial planes and meet climate targets.
Taxes May 15, 2024
The risk a compromised CAF number presents to practitioners and taxpayers is prompting these additional security measures.
Taxes May 9, 2024
Starting on July 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily.
IRS May 9, 2024
Beginning in January, you'll be able to contribute more to your health savings account, based on the IRS's latest inflation adjustments.
Technology May 8, 2024
The new program follows the release of the draft Form 1099-DA for digital asset transaction reporting by the IRS last month.
IRS May 7, 2024
During a House Appropriations subcommittee hearing May 7, Danny Werfel gave lawmakers an update on the tax credit's status.
Income Tax May 7, 2024
While the April 15 tax deadline for most Americans to file their individual annual tax returns has passed, there are several deadlines each year, some for individuals, businesses, nonprofits and even organizations that are tax-exempt.