Tax

With the federal income tax deadline just around the corner, the Internal Revenue Service wants to remind taxpayers that IRS.gov offers tips on finding a qualified tax professional.

About half of the non-filers owe more than $50,000 in tax while close to 2,000 scofflaws are on the hook for more than $1 million. Besides the back taxes, wayward taxpayers will generally be hit with a 5% penalty for ...

The TCJA generally eliminated NOL carrybacks and permitted NOLs to be carried forward indefinitely. The TCJA also provides special rules for nonlife insurance companies and farming losses.

The cash payment plan allows taxpayers to make a payment without a bank account or credit card at participating 7-Eleven stores, Ace Cash Express and Casey's General Stores nationwide.

Thomson Reuters’ Orbitax International Tax Platform is a native cloud application consisting of a series of fully integrated tools and workflow solutions to help tax departments keep pace with the ever-changing tax rules and regulations.

Some of the hardest hit states include California (-$1.9 billion), New York (-$ 1.3 billion), Florida (-$ 1.3 billion), Nevada (-$1.1 billion) and Texas (-$940 million). These tax impacts represent the direct tax revenue decrease from the severe drop ...

To collect refunds for tax year 2016, taxpayers must file their 2016 tax returns with the IRS no later than this year's extended tax due date of July 15, 2020.

The Internal Revenue Service has unveiled the 2019 IRS Data Book, featuring a redesigned format that provides a different and expanded look at IRS accomplishments during the past year.