IRS July 16, 2026
IRS Mileage Rate Increases to Record 76 Cents Per Mile
The mileage rate has increased to a record high of 76 cents/mile due to the wars in Iran and Ukraine.
Taxes April 24, 2024
TIGTA Finds $3.5 Billion Tax Fraud Scheme
TIGTA investigators identified a scheme where individuals obtained Employer Identification Numbers, a unique nine-digit identifier required for tax purposes, and then used them to file business tax returns that improperly claimed...
IRS April 22, 2024
If You Missed It, Here’s the IRS ‘Dirty Dozen’ Tax Scams List For 2024
The list serves as a reminder to remain vigilant about tax scams not only during tax season, but all year long, the IRS said.
IRS April 19, 2024
IRS Provides Sneak Peek of Form 1099-DA for Digital Assets
The IRS Friday posted on its website the highly anticipated draft Form 1099-DA, which brokers will use to report digital asset transactions.
Taxes April 18, 2024
Boston IRS Agent Charged With Tax Fraud
Ndeye Amy Thioub was indicted on three counts each of filing false tax returns and filing false tax returns as an employee of the U.S.
Taxes April 18, 2024
IRS Raids Home of Rapper Tekashi 6ix9ine, Seizes Cars and Other Items
The rapper, whose legal name is Daniel Hernández, had his property seized for “nonpayment of internal revenue taxes.”
Taxes April 18, 2024
When Rogue Brokers Switch People’s ACA Policies, Tax Surprises Can Follow
Some tax returns are being rejected because filers failed to provide information about ACA coverage they didn't know they had.
Taxes April 17, 2024
IRS Extends RMD Tax Relief for Inherited IRAs
This relief was provided to certain RMDs in 2021, 2022, and 2023, and is being extended in Notice 2024-35 to 2024.
Taxes April 17, 2024
IRS Updates FAQs on Electric Vehicle Tax Credits
The revised FAQs pertain to the new, previously owned, and qualified commercial clean vehicle credits.
Taxes April 17, 2024
IRS Touts Strong, More Efficient 2024 Tax Season
It’s Tax Day, so there’s no better time for the IRS to pat itself on the back for a job well done as filing season ends for most Americans.
Taxes April 16, 2024
IRS Says Work-Life Referral Services Are a De Minimis Fringe Benefit
The use of such referral and information services would be excluded from employees' taxable gross income, according to the IRS.
Taxes April 16, 2024
4 Key Crypto Tax Tips for Entrepreneurs and Digital Investors
By taking the right steps, it's possible to avoid overpaying taxes and enjoy tax benefits.
Taxes April 15, 2024
7 Data-Driven Trends Impacting Tax Operations
Despite chronic and pandemic-specific challenges however, the IRS is making strides in returning to business as usual.