Taxes December 12, 2025
IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B
Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24, the agency said this week.
IRS January 2, 2024
TikTok Ban Not Fully Enforced at the IRS, Report Finds
Hundreds of IRS-CI employees still had access to TikTok months after the app was banned from all government devices, TIGTA said.
Taxes January 2, 2024
There’s Still Time to Claim Unpaid Economic Stimulus Payments
Not everyone who was entitled to an EIP was able to collect the full amount they were owed. Either they didn’t receive the correct amount or they didn’t get a payment at all.
Tax Planning December 29, 2023
Should You Elect to Forgo Preferential Tax Treatment on Capital Gains and Dividends?
Depending on your situation, you might elect to forgo preferential tax treatment on certain long-term capital gains and qualified dividends in favor of deducting investment interest expenses.
Taxes December 28, 2023
How to Get the Most Tax Benefits from a Roth IRA
Under the “ordering rules” established under IRS regulations, most of the payout of a nonqualified Roth distribution may be tax-free anyway—maybe even all of it.
Taxes December 27, 2023
Gift Tax Exclusion Increases for 2024: How to Get the Most Benefit
The annual gift tax exclusion allows you to gift up to a specified amount to each recipient each year without any gift tax liability.
IRS December 27, 2023
IRS Launches Anti-Fraud Program to Help Businesses that Filed ‘Questionable’ ERC Claims
Businesses interested in taking advantage of the voluntary disclosure program have until March 22, 2024, to apply.
Taxes December 27, 2023
IRS Issues Guidance on Tax Credit for Clean Hydrogen Production
The Inflation Reduction Act (IRA) of 2022 provides a production credit for each kilogram of qualified clean hydrogen produced by a taxpayer at a qualified clean hydrogen production facility.
Taxes December 19, 2023
IRS: Collection Notices Are Coming Back in 2024
The IRS has hit the restart button on sending out automated collection notices, ending a two-year hiatus because of the COVID-19 pandemic.
Taxes December 15, 2023
IRS Provides More Guidance on New Corporate AMT
The corporate AMT imposes a 15% minimum tax on the adjusted financial statement income of large corporations.
Taxes December 14, 2023
IRS Tax Demands Would Take Money From FTX Bankruptcy Victims
U.S. officials will take money away from FTX victims unless a judge rejects the government’s demand for $24 billion in unpaid taxes.
IRS December 14, 2023
IRS Sets Mileage Rate at 67 Cents Per Mile for 2024
The optional standard mileage rate for business use of a vehicle will increase 1.5 cents from 2023, the IRS said on Thursday.
IRS December 13, 2023
IRS Chief Lays Out Plans for New Leadership Structure
Expected to occur in early 2024, this is the first leadership reorganization at the tax agency in more than two decades.