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 17, 2023
An academic study revealed that Black Americans are up to five times more likely to be audited than taxpayers of other races.
Taxes May 16, 2023
Adhere strictly to the substantiation rules for charitable donations. A deduction worth thousands of tax dollars could be at stake.
Taxes May 14, 2023
Domestic content is generally defined as steel, iron or manufactured products that are manufactured or produced in the United States.
Taxes May 12, 2023
The agency is seeking ideas on how to improve tax dispute conference options for taxpayers who don’t live close to an appeals office.
Taxes May 12, 2023
This practice – known as the “mailbox rule” – already applies to payments and documents sent to the IRS through traditional mail.
Taxes May 11, 2023
The Inflation Reduction Act includes credits for taxpayers who make qualifying energy improvements to their home.
Taxes May 11, 2023
The five men and one woman were charged on May 10 with conspiracy to commit bank fraud and face up to 30 years in prison.
May 11, 2023
Benkoil admitted his conduct resulted in a tax loss to the IRS of nearly $2.5 million and has agreed to pay full restitution.
Taxes May 10, 2023
A 529 plan account owner can roll over up to $35,000 in unused funds to a Roth IRA without paying any tax, beginning in 2024.
Taxes May 7, 2023
Now new legislation enacted at the end of last year, called SECURE 2.0, provides a tax benefit to qualified small businesses aiding military families.
Taxes May 7, 2023
Originally included in Public Law 97-455 passed in October 1976, Section 280(A)(g) was added to allow personal residences to be rented for 14 days or less with the rental income not includible in gross income.
Taxes May 6, 2023
Check to see if the IRS will be conducting a correspondence audit or a field audit. It makes a big difference in how you should handle things.