IRS May 29, 2026
IRS Increases Health Savings Account Limits for 2027
The IRS on Friday released its annual inflation-adjusted amounts for health savings accounts for calendar-year 2027, with across-the-board increases.
Taxes January 26, 2024
Florida Tax Preparer Gets Prison for False Returns and Online Romance Scam
Between 2015 and 2020, Coates claimed $228,788 in tax refunds on her individual federal income tax returns by falsely reporting that taxes had been withheld from her income and had been paid to the IRS.
Taxes January 26, 2024
IRS-CI to Host ERC Seminars for Tax Professionals
The sessions held in February aim to ensure that tax professionals have the latest ERC information and understand ERC eligibility criteria.
Taxes January 24, 2024
IRS: Connecticut Residents Affected by Recent Flooding to Get Tax Relief
The IRS has extended its April 15 filing deadline for impacted taxpayers until June 17 to submit returns and make tax payments.
Taxes January 24, 2024
Jan. 31 Deadline Nears For Some Enrolled Agents to Maintain Their Status
EAs with a Social Security number ending in 7, 8, or 9 must renew their status by Jan. 31 before their current enrollment expires March 31.
Taxes January 23, 2024
IRS Says Digital Asset Question Added to More Tax Forms
The IRS noted on Monday that it has included a crypto question on four additional tax forms ahead of filing season.
Taxes January 23, 2024
IRS Redesigning Taxpayer Notices to Make Them Easier to Understand
The Simple Notice Initiative will review and redesign hundreds of notices with an immediate focus on the most common notices that individual taxpayers receive.
Taxes January 23, 2024
Oracle and Deloitte Partner to Help Multinational Organizations Prepare for OECD Pillar Two Requirements
The PIllar Two rules effectively create a global minimum tax rate of 15 percent and significantly impact financial processes and operating structures for large multinational organizations.
Small Business January 23, 2024
Report Signals Increased Sales Tax Audits and E-Invoicing Growth in 2024
A new report shows continued changes to economic nexus and marketplace facilitator laws in the U.S. and the expansion of e-invoicing globally in 2024, both of which will lead to the likelihood of increase sales tax audits.
Taxes January 19, 2024
$78 Billion Tax Deal Gets More Bipartisan Support in Congress
Ways and Means voted to approve a tax package that would revive a trio of business tax incentives and expand the child tax credit.
Taxes January 19, 2024
Trump Tax Leaker Acted Out of ‘Deep, Moral Belief,’ Judge Told
Charles Littlejohn, 38, pleaded guilty Oct. 12 to stealing Donald Trump’s tax data from the IRS and leaking it to The New York Times.
Taxes January 19, 2024
New Tax Guidance on Energy Credits for Using Land Alternative Fuel Charging Stations
The Inflation Reduction Act amended the credit for qualified alternative fuel vehicle refueling property. The changes apply to qualified alternative fuel vehicle refueling property placed in service after Dec. 31, 2022 and before Jan. 1, 2033.
Taxes January 18, 2024
IRS System Upgrades Delay E-Filing for Some Tax-Exempt Organizations
The IRS said on Thursday that tax-exempt groups won't be able to e-file Form 990-T or Form 1120-POL until March 17.