Tax

Section 382(h) provides for special rules related to built-in gains and losses of a loss corporation, and their impact on the section 382 limitation. The proposed regulations eliminate the popular and long-standing section 338 approach that provides ...

The report highlights the work of IRS employees supporting the nation’s tax system during the past year. This covers a variety of taxpayer service efforts, including development of a new Taxpayer Withholding Estimator, as well as operations support ...

TaxBit, which offers cryptocurrency tax automation software targeted for crypto users, exchanges, and merchants, is announcing today a seed round of $5 million, with some of the industries’ biggest names participating. Investors include Fintech venture firm, TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC, who […]

The good news is that there's no reason to get refund loans or other such services, since you can get your refund in as little as 10 days if you file early and e-file your tax return.

57.5 cents per mile driven for business use, down one half of a cent from the rate for 2019, 17 cents per mile driven for medical or moving purposes, down three cents from the rate for 2019, and 14 cents per mile driven in service of charitable ...

The below chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years. If your IRS income tax refund is delayed, ask your tax professional...

The ETAAC is an organized public forum for discussion of electronic tax administration issues, such as prevention of identity theft and refund fraud in support of the overriding goal that paperless filing should be the preferred and most convenient ...

Tax pros: You are welcome to reuse this article in your newsletters or emails to your clients, reminding them that, "The earlier they file their taxes, the quicker they will get their refunds."