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 August 11, 2023
The IRS has concerns that employee stock ownership plans are being used by some wealthy taxpayers as a tax avoidance tool.
Taxes August 11, 2023
Points paid on a new mortgage are fully deductible if you meet certain tax law requirements. Notably, the acquisition debt must be secured by your principal residence and ...
Taxes August 11, 2023
At-risk freshmen and centrist groups in the GOP view the child credit as an important policy tool that has across-the-aisle support.
Taxes August 10, 2023
A new program gives eligible solar and wind facilities in low-income areas increased investment tax credits of 10% or 20%.
Taxes August 10, 2023
An IRS memo in June said name, image, and likeness collectives may not qualify as tax-exempt if the main objective is paying players.
August 7, 2023
Under the proposal, monetized installment sale deals would be considered listed transactions by the IRS.
Taxes August 7, 2023
Over the past two decades, the IRS has offered four principal post-filing alternative dispute resolution programs.
Taxes August 7, 2023
Proposed regulations are coming on a new tax imposed on sales of “designated drugs,” established by the Inflation Reduction Act.
Taxes August 4, 2023
The IRS informed taxpayers on the home energy audit requirements in order to claim the energy efficient home improvement tax credit.
Taxes August 3, 2023
Under current law, net operating losses (NOLs) can no longer be carried back for two years, but they may be carried forward indefinitely.
Taxes August 3, 2023
Among the warning signs businesses should be wary of are vendors that require large, upfront contingency fees and those who fail to sign the amended payroll tax returns.
Taxes August 3, 2023
The report found that required tracking documents, such as Forms 3210, Document Transmittal, are not included with these shipments and/or not prepared properly.